Development ceiling cut by RM40bil

PETALING JAYA: The economy is expected to grow by 4.5% to 5.5% between 2018 and 2020, with the fiscal deficit expected to rise to 3% for the remaining years of the 11th Malaysia Plan (11MP) instead of achieving a balanced budget by the end of this decade.

Development expenditure ceiling would be rationalised from the original allocation of RM260bil to RM220bil for the overall Plan period, 2016-2020, to consolidate the fiscal position.