Commentary: Malaysia’s coffers run dry as COVID-19 pandemic worsens
The Malaysian government has limited fiscal space for COVID-19 relief, after running budget deficits for over 20 years, says a researcher.
KUALA LUMPUR: Malaysia continues to grapple with its growing second wave of COVID-19. The country of 32 million people has now exceeded 995,000 infections and 7,900 deaths since the start of the pandemic.
In early June, the number of infections increased by more than 7,000 in a single day, rising to over 10,000 daily cases in July. For a country in political crisis, the poor state of public health has had inevitable economic consequences.
In May 2020, unemployment rose by 5.3 per cent after the first lockdown in March 2020 had a severe impact on Malaysia’s economy.
The economy picked up as the year progressed – by January, the unemployment rate ...









