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Malaysia’s 2021 fiscal deficit to hover between 6.7-7 pct of GDP

KUALA LUMPUR: Malaysia’s fiscal deficit is expected to go up to between 6.5 and seven per cent of its gross domestic product (GDP) this year from the six per cent targeted earlier, after factoring in the recent stimulus packages announced by the government. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government is […]

Malaysia to revise 2021 GDP growth forecast downwards

PUTRAJAYA: Malaysia’s Gross Domestic Product (GDP) forecast for 2021 will be revised downwards, taking into account the impact of the full movement control order, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. “The new forecast is expected to be announced in mid-August, together with a widened deficit figure,” he told a news conference here […]

Govt’s fiscal injection rises to RM35 bln

KUALA LUMPUR: The government’s direct fiscal injection to stimulate the economy has increased to RM35 billion after the announcement of the RM10 billion Prihatin Package for SMEs (Additional Measures) made by Prime Minister Tan Sri Muhyiddin Yassin yesterday. Finance Minister Tengku Datuk Seri Zafrul Aziz said the injection would be funded through government funds and domestic borrowings. “The country’s budget […]