Fiscal deficit target within reach

PETALING JAYA: With the pressure mounting to narrow the country’s fiscal deficit to below the projected 3% of the gross domestic product (GDP) level for this year, some economists are optimistic the Pakatan Harapan government will be able to attain the forecast figure although it may not be smooth sailing.

Economists told StarBiz that pending more clarity, several measures to boost revenue and control expenditure may bring the fiscal deficit below the 3% mark although it could be tough. The country has been running a deficit since 1998.