PETALING JAYA: The government is likely to miss its fiscal deficit target of 2.8% this year due to a shortfall in revenue from changes in the tax system and fuel subsidies, economists said.
Malaysian Rating Corp Bhd (MARC) economist Nor Zahidi Alias reckoned the overall deficit to remain at last year’s level of 3% of gross domestic product (GDP) due to a reduction in revenue due to the zerorisation of the Goods and Services Tax (GST).
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