How tight fisted will Malaysia’s finance minister Lim Guan Eng be in the country’s first budget under a new administration? Photo: Nora Tam

Spending cuts, new taxes likely for Malaysia in Mahathir government’s first budget

  • Finance minister Lim Guan Eng is expected to unveil a budget bordering on austerity after years of economic goodies from the previous administration
  • Government’s stance is that national debt stands at a debilitating 80.3 per cent of GDP
Topic |   Malaysia

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How tight fisted will Malaysia’s finance minister Lim Guan Eng be in the country’s first budget under a new administration? Photo: Nora Tam
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Bhavan Jaipragas

Bhavan Jaipragas

Bhavan is Asia Correspondent for the SCMP, covering breaking news, politics, diplomacy, trade and Southeast Asian macroeconomic trends. His work for the Post's Asia desk also focuses on the region's multifaceted interactions with the United States and China. A Singapore native, Bhavan previously worked for Agence France-Presse.