Tengku Zafrul highlights the economic challenges posed by COVID-19, inflation, and debt. While global growth is slowing, Malaysia remains optimistic with projected growth of 5.5-6.5% for 2022. He stresses the need for fiscal reforms, including the Medium-Term Revenue Strategy and Fiscal Responsibility Act, to ensure sustainability, reduce debt, and protect future generations. Bold action is required to safeguard Malaysia’s long-term economic well-being and avoid future financial crises.
Also available in ‘Borneo Post Kuching’, ‘New Straits Times’, ‘The Star’.
