KUALA LUMPUR, Malaysia (AP) - Credit rating company Moody's Investors Service said Monday that Malaysia's move to extend fuel subsidies will undermine efforts to trim its budget deficit and may weaken the economy in the long run.
But Second Finance Minister Nor Mohamed Yakcop told reporters that he is "very confident'' the government is able to narrow its budget deficit this year to 3.8 percent of gross domestic product, from 4.3 percent last year.
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