What are the ramifications if Budget 2021 fails parliamentary vote?

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Ramifications if Budget 2021 Fails Parliamentary Vote

Failure of the proposed Budget 2021 to pass parliamentary voting would have significant repercussions on Malaysia's political stability and its capacity to manage the Covid-19 pandemic crisis. Observers are urging Members of Parliament (MPs) to reach a consensus to ensure the budget's approval during the expected voting session on November 25.
Impact on Political Stability

Should Budget 2021 not be passed, the country could face considerable instability. The Institute for Democracy and Economic Affairs (IDEAS) research manager, Lau Zheng Zhou, highlighted that the budget's failure would significantly affect the nation's political landscape. This underscores the importance of MPs demonstrating leadership by finding common ground to approve a budget crucial for Malaysia's recovery.
Implications for Covid-19 Response

The effectiveness of Malaysia's strategy in addressing the Covid-19 pandemic crisis would also be severely hampered if Budget 2021 fails to pass. The budget is designed to support the country's economic recovery process, building upon previous stimulus packages. Its rejection would impede the government's ability to implement measures aimed at mitigating the ongoing health and economic shocks.
Call for Consensus Among MPs

The current debate surrounding Budget 2021 has seen some MPs threaten to vote against it unless amendments are made, such as the investment in the Special Affairs Department (Jasa). Lau Zheng Zhou emphasized that while debates and amendments are normal, the ultimate goal should be the budget's passage. He called for the government and the Opposition to collaborate to produce a budget that genuinely aids Malaysia's stronger recovery.

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What are the ramifications if Budget 2021 fails parliamentary vote?

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