Najib said Malaysia plans to spend 280.25 billion ringgit (£50.54 billion) in 2018, up 7.5 percent from this year's allocated budget of 260.8 billion ringgit.
Before the speech, Najib said the budget would be "mildly expansionary". Analysts had predicted increased spending on handouts and infrastructure projects.
“Bursa Malaysia’s performance was also in line with major Asian bourses which continued their gains on Friday, boosted by technology shares, while taking cue from the upbeat earnings of US hi-tech giants, and as the euro hovered near a three-month low against the dollar after the European Central Bank extended its stimulus,” he added. Read more at http://www.themalaymailonline.com/money/article/bursa-malaysia-rebounds-to-end-higher1#Xs7KTgRYdeKd7q2D.99
Meaningless budget, administrative expenditure more than development expenditure. How can our country become developed country in 2050? WE are facing bankruptcy country very soon......
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hstha
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Posted by hstha > 2017-10-27 16:40 | Report Abuse
https://www.nytimes.com/reuters/2017/10/27/business/27reuters-malaysia-budget.html