RM15bil supplementary budget will not derail deficit: CIMB Research

KUALA LUMPUR: The Government’s move to seek an additional RM15bil for its 2013 budget – which has met with criticism among some quarters as the country tries to get its finances in order – will not derail this year’s fiscal deficit target, CIMB Research opined.

“We are confident that the supplementary budget will not derail this year’s fiscal deficit target of 4% of GDP as the latest federal revenue outturn will cover the additional spending.