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Government needs to cut spending amid fiscal squeeze


KUALA LUMPUR: The government’s spending will not be huge in the current situation as it addresses the fiscal squeeze before stabilising and moving ahead, said Asean Business Club President Tan Sri Dr Munir Majid.

This, he said, was due to among others, the escalating US-China trade war, which have pulled down the growth of the world economy, particularly with Malaysia being an export-oriented country.

   

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