Malaysian Parliament ratifies M322.5 billion budget

In a big boost to Malaysian Prime Minister Muhyiddin Yassin, the Parliament of Malaysia has ratified his first federal budget of RM322.5 billion (S$105 billion).  The budget will now be sent to the Upper House, the Senate, to be ratified, before coming into effect but this is more or less a formality. 

The RM322.54 billion (US$77.9 billion) budget, tabled on Nov 6, is the biggest ever in Malaysia as the country suffers amidst a COVID-19 pandemic. 

The passing of the budget is also seen as a confidence in Yassin ‘s leadership .

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