Government likely to achieve fiscal deficit target

PETALING JAYA: Concerns that the Government may not be able to achieve its fiscal deficit target of 3% of gross domestic product (GDP) given sliding global oil prices has been overdone, says Franklin Templeton Investments.

Its fixed income and sukuk executive director and Malaysia head Hanifah Hashim said she believed that the drop in oil revenue, which makes up around 30% of the Government’s total revenue, could be compensated by two factors.