Govt seen able to improve on its fiscal deficit level

Alliance Investment Bank chief economist Manokaran Mottain (pic) told StarBiz that the last paragraph in the monetary policy statement was a hint of what could be ahead.

PETALING JAYA: Expectations that the fiscal deficit level will decrease are running high on the back of rising sentiment on crude oil prices.

The Malaysian government should be able to improve on its fiscal deficit level, on the back of fiscal spending discipline and crude oil price averaging between US$70 and US$80 per barrel, said Alliance Bank Malaysia Bhd chief economist Manokaran Mottain.