Fiscal Policy Reforms in Malaysia Boost Economic Stability and Growth
The researchers looked at how government spending affects Malaysia's economy over time. They discovered that when the government spends more money, it generally helps the economy grow. However, this impact varies depending on the overall economic situation. They found that since the Asian financial crisis, the benefits of government spending have decreased in the medium and long term. This decline is partly because there is now more money available for borrowing and less money going into investments.