KUALA LUMPUR: Participants from the private sector at a post-Budget 2011 seminar organised by the Malaysian Economics Association were critical of the less-than-agressive stance of the Government over efforts to lower Malaysia’s budget deficit, which has been targeted to come down to 5.4% of gross domestic product (GDP) compared with 5.6% this year.
The country’s deficit rose to a 27-year high of 7.4% last year after subsidies ballooned to RM74bil, which was subsequently brought down this year as revenue collection was higher.
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