Malaysian Budget to Focus on SME, Cost of Living, Says Ram Rating Services’s Lai

The video discusses the challenges of balancing fiscal prudence with economic growth, especially in a slowing economy. It highlights the government's efforts to support growth while maintaining fiscal consolidation, with a focus on SMEs and cost of living adjustments. The video also reviews budgetary trends, noting a decrease in spending and a low deficit. Future strategies include a targeted fuel subsidy and maintaining a 3% deficit, despite challenges.

What is the significance of the targeted fuel subsidy scheme mentioned by the Finance Minister?

What is the expected deficit for the government, and why is it considered challenging?