Budget needs to be adjusted to revive economy, says Dr Mahathir

by FARA AISYAH

Former Prime Minister (PM) Tun Dr Mahathir Mohamad said the budget needs to be adjusted to revive the economy.

“If we examine the demands worldwide, we may be able to identify industries we can go into.

“Even the businesses which have suffered because of reduced demand may present opportunities if we study the causes of the reduction in demand,” he said in a statement today.

He added that there are many other businesses and industries which may benefit from the constraints due to the pandemic.

For example, Dr Mahathir said better marketing systems may enable the surviving suppliers or new suppliers to meet the reduced demands in the oil and gas (O&G) industry.

He also said it is time to venture into mix farming instead of depending on just one crop.

“Modern agriculture can contribute much to meeting food needs, through increases in productivity.

“It can also create new sources of income for those who have lost jobs,” he said.

 

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