Balancing the Budget – Malaysia vs Germany

By Tim Niklas Schoepp

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Achieving a balanced budget is no easy task – especially when the task involves distributing tax money and maintaining an inclusive social responsibility – but the Germans seem to have found an optimal method.Malaysia has always respected Germany and its economic accomplishments – something Prime Minister Datuk Seri Najib Tun Razak himself mentioned when he tabled Budget 2015: Germany began its “economic progress based on agriculture and has since moved to an economy that emphasises high level of knowledge, skills,...

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Tim Niklas Schoepp

is a visiting analyst in Economics at Penang Institute.