Economic Report 2013/2014: Fiscal deficit to be reduced to 3.5% in 2014

The Federal Government’s fiscal deficit is expected to be reduced to 3.5% in 2014 as it continues down the path of fiscal consolidation. This will be an improvement from 4.0% in 2013 and 4.5% in 2012.

In the Economic Report 2013/2014, it says the Malaysian economy is also expected to grow by between 5% and 5.5% in 2014, supported by resilient domestic demand and improving external sector.