Economists concerned over EPF withdrawal, fiscal consolidation projections

BUDGET 2021 | Economists have expressed concern over the Budget 2021 proposal to allow struggling Employees’ Provident Fund (EPF) contributors to withdraw up to RM500 a month from their retirement savings.

In addition, while they lauded additional healthcare funding, some questioned if the government will be spending enough to stimulate the Covid-19 stricken economy.

Speaking to Malaysiakini, here are comments from three economists on yesterday’s Budget speech...