KUALA LUMPUR: Malaysia will be able to meet its reduced deficit target of 3.1% that was made in the Budget 2016 in spite of a low oil price environment, according to RAM Ratings Bhd.
“We do think that it is a reasonable target and it is also apropriate given the circumstances. From a sovereign rating angle, we like that the government is committed to fiscal consolidation and remains so,” RAM’s head of sovereign ratings Esther Lai said in an interview with StarBiz.
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