Malaysia not planning to revise GDP, fiscal deficit targets

Treasury secretary general Tan Sri Dr. Mohd Irwan Serigar Abdullah delivered the messages during the 2016 Budget recalibration forum in Putrajaya. MOHD SAHAR MISNI/The Star

KUALA LUMPUR: The Government is not planning to revise the gross domestic product (GDP) and fiscal deficit targets, although global crude oil prices have stabilised at around US$45 per barrel and above the US$35 mark set for the 2016 Budget, according to Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah (pic).

“It’s still premature. We don’t know whether the price will remain this stable. We are watching closely (the movement of oil prices) and will maintain the GDP growth target.