Budget will be an extension of stimulus packages, says economist

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Bank Islam Malaysia’s chief economist believes that initiatives to put more money in the hands of consumers will continue in the 2021 budget.PETALING JAYA: An economist believes that the federal budget to be tabled tomorrow will be an extension of stimulus packages and initiatives Putrajaya had introduced previously to cushion the impact of the Covid-19 pandemic.Bank Islam Malaysia Berhad’s chief economist, Mohd Afzanizam Abdul Rashid, said the focus would still be on the Prihatin and Penjana packages as certain groups had yet to enjoy the benefits of these initiatives.“The theme for the budget will revolve around Covid-19 as we do not know when we will see the end of this pandemic.“And the initiatives announced by the government before this, like wage subsidies, have been spot on,” he told FMT.Mohd Afzanizam Abdul Rashid.Afzanizam suggested that initiatives under these packag…