SINGAPORE: The policies outlined in Budget 2014 are steps in the right direction and should ease the concerns of credit rating agencies over Malaysia’s public finances, said Kostas Panagiotou, Consulting Economist, IMA Asia.
“The smaller projected budget deficit of 3.5% of gross domestic product (GDP) from 4% in 2013, the abolition of sugar subsidy and the long-overdue introduction of the goods and services tax (GST) go some way in addressing these concerns,” he told Bernama when asked to share his views on Budget 2014 tabled by Prime Minister Datuk Seri Najib Tun Razak on Friday.