Idris Jala: Malaysia no longer in middle-income trap

Datuk Seri Idris JalaSAMUEL ONG / THE STAR, 17TH SEPTEMBER 2015.

“We've also reduced subsidy and undertaken various reforms to lower fiscal deficit and stimulate private investment growth,” he added in his keynote address at a roundtable discussion -The Business Year here on Wednesday.

Idris noted that the reduction in Malaysia's  fiscal deficit from 6.6% of GDP in 2009 to 3.2% last year was an indication of a stronger and more sustainable financial position.