KUALA LUMPUR (Bloomberg) -- Malaysia unveiled its biggest-ever budget to help the virus-ravaged economy get back on track for rapid growth.
Prime Minister Tan Sri Muhyiddin Yassin’s government allocated RM322.5bil billion for total expenditure next year, which it hopes will help the economy rebound with growth of 6.5%-7.5%. The administration also proposed a cut in personal income taxes, handed out monetary aid and eased costs for first-time home buyers.
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