Budget 2021 is RM322.54 billion, up 10.61 percent from the previous year and is the largest budget on record.<br /><br />This is an expansionary budget where the government cuts back marginally on operational expenditure while ramping up development expenditure.<br /><br />Given that revenue for this year and the next is projected to be below the 2019 level, Malaysia will have to make up for the shortfall with massive borrowings.
