Think-tank: PM's 'no money' claim disingenuous, should spend more, but judiciously

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Prime Minister Muhyiddin Yassin's claim that the government was running low on money was an overstatement of the nation's fiscal burden, said think-tank Research for Social Advancement (Refsa).In a statement today, Refsa researcher Jaideep Singh said although Muhyiddin had attributed a RM340 billion stimulus package as a burden on national coffers, the actual fiscal injection was RM72.6 billion or only 21.4 percent of the stimulus package."A simple way to contextualise the government’s fiscal health is to look at the overall fiscal balance, the difference between government revenue and expenditure as a share of the GDP."Granted, the stimulus measures have led to higher spending amid a smaller revenue base, with the estimated fiscal balance standing at six percent of the GDP in 2020 and potentially rising to 6.5 percent this year from 3.4 percent in 2019 accor…