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.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

UWC expands capacities amid semiconductor and EV projects
Keyfield secures RM143.7mil shipbuilding contract; acquires vessel for RM28.3mil
Gamuda raises annual dividend by 33% to 16 sen, signals bullish growth prospects
TRC Synergy bags RM125mil contract from BHIC
Astro maintains cautious outlook amid economic challenges
FBM KLCI falls for third consecutive session, losing 4.28 points
Tony Fernandes: Capital A expects better performance in 2H24
Thailand agrees to waive fees for hotels for 2 more years, official says
Chinese developer Shimao sweetens debt revamp terms ahead of liquidation hearing, sources say
Atome Financial gets up to US$100mil debt facility including from EvolutionX for expansion

Others Also Read