Geopolitics Quarterly

Geopolitics Quarterly

Towards Stabilizing the Economic Impact of COVID-19 through Fiscal Policy in Malaysia

Document Type : Original Article

Authors
FATIN AFIQAH MD. AZMI 1
Ainur Zaireen Zainudin 2
Norhidayah Md. Yunus 2
Mohd Nadzri Jaafar 2
Wan Ibrisam Fikry Wan Ismail 2
Muhammad Azim Amdan 2
1 CENTRE FOR REAL ESTATE STUDIES, FACULTY OF BUILT ENVIRONMENT & SURVEYING,UNIVERSITI TEKNOLOGI MALAYSIA, JOHOR BAHRU, MALAYSIA
2 Department of Real Estate, Faculty of Built Environment & Surveying, Universiti Teknologi Malaysia, Johor, Malaysia
Abstract
A greater size of government spending, may be less efficient. This is contradicting with Malaysian practice because the current Malaysian fiscal policy has allocated a huge budget from the lowest income of individuals to the highest international trade with the aims of reducing the economic implications caused by the outbreak of COVID-19. This paper embarks on three objectives. First, to provide an overview of fiscal policy. Second, to investigate the impacts of COVID-19; and third, reveals the actions taken by the Malaysian Government to implement the recovery policy. This paper adopts an integrative literature review and published reports relating to fiscal policy and COVID-19. The findings show the consolidated efforts of Malaysian Government towards the current fiscal policy in stabilizing the economic impact after the Movement Control Order. This paper could be a prudent guideline for other countries to strategize their fiscal policies in steering the macro and socioeconomic development.
Keywords
COVID-19
Economic Impacts
Fiscal Policy
Malaysia
Movement Control Order
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Geopolitics Quarterly
Volume 17, Special Issue
Spring 2021
Pages 90-107

  • Receive Date 21 March 2021
  • Accept Date 18 April 2021