Budget 2021 will need to incorporate measures to ensure the survival of the economy in the short term, while balancing this with the creation of good jobs and a stronger social safety net, to lay the foundations for a dynamic economy in the future.
A vote of no confidence is not a new thing. The question is, what is the significance of the Opposition MPs sending a no-confidence motion if it cannot be decided in Parliament?
To avoid general election and constitutional crisis amidst the pandemic, bipartisanship is the sole option for Muhyiddin to stabilize his government with confidence and supply from the opposition.
This will require a shift in mindset, moving away from fiscal discipline and balanced budgets, toward a new paradigm where the state fully assumes its role as catalyst for the economy and as anchor investor in uncertain but transformational ventures.
Tens of thousands of Malaysians have already lost their jobs due to the COVID-19 crisis and the worst of the damage is yet to come.
Watch #MalaysiaCiptaKerja to understand Mission-Oriented policies that can be introduced to reset the Malaysian economy and create a resilient and sustainable ecosystem for job creation.