Fiscal space needed to balance govt finances by 2022 or 2023


Speaking at a question-and-answer session at the 10th Annual Malaysia Corporate Day organised by CIMB Group Holdings Bhd yesterday, Johari(pic) said more public infrastructure projects would be needed to sustain the economic growth.

KUALA LUMPUR: Malaysia needs fiscal space in order to balance the government finances by 2022 or 2023, says Finance Minister II Datuk Seri Johari Abdul Ghani.

He said government spending would have to be balanced between the need to stimulate growth versus the fiscal deficit, which has been set at 2.8% over gross domestic product (GDP) under Budget 2018.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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

Nasdaq, S&P set to open higher on tech boost, earnings glee
Sasbadi reports highest ever quarterly revenue
Aneka Jaringan leverages order book for growth
Chin Hin Group to develop two lands with combined GDV of RM1.08bil
CLMT 1Q net profit rises to RM33.49mil on higher occupancies, positive rental reversions
Ringgit ends marginally lower on firmer US dollar index
MoF: Govt to establish high-level facilitation platform to oversee potential, approved strategic investments
Meta Bright signs RM24mil leasing contract with Australia company
OCR Group to develop RM313mil residential project in Rawang
Legacy Credit emerges as substantial shareholder in VCI Global

Others Also Read