Redefining fiscal deficit

PETALING JAYA: The Government is expected to redefine its fiscal ambition for 2020 as it has become increasingly clear that its earlier target to achieve a near-balanced budget position by the end of the next three years has been challenged by the changing economic circumstances.

An economist told StarBiz that the Government would likely set a new target for 2020, the year in which Malaysia is expected to achieve developed nation status when it unveils Budget 2018 this Friday.