by FARA AISYAH/ FILE PIX
An economist said there is a political agenda behind the Budget 2021 allocation which focuses more on giving aids to bumiputera companies.
Universiti Malaya dean of Economics and Administration Faculty Prof Edmund Terence Gomez said it is not the time to target an ethnic group, instead helping all Malaysian companies.
“Finance Minister Tengku Zafrul Tengku Abdul Aziz said 80% of the small and medium enterprises (SMEs) are Chinese and non-bumiputeras, but much of the budget allocation goes to the remaining 20%.
“In the event of a general election, targeting an ethnic growth will provide support to the party during the poll,” he said at the UM post-budget analysis webinar yesterday.
He said the government is ignoring the firms which can save the country’s economy amid Covid-19 pandemic.