PETALING JAYA: Budget 2020 is expected to be a tough one as the government is likely to miss its fiscal target to boost economic growth in light of the slowdown on the global front stemming from the escalating US-China trade war.
RHB Research said the government is likely to increase its development spending and no new taxes will be introduced as part of its “contingency plans” to weather the country from the impact of the trade war.
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