KUALA LUMPUR: RAM Ratings Services Bhd has projected Malaysia’s fiscal deficit in 2019 to narrow to 3.3% of the gross domestic product (GDP) from an estimated 3.6% in 2018, amid still-resilient domestic demand growth, the implementation of various fiscal measures and ongoing institutional reforms.
It said the government’s medium-term fiscal framework, which targets an average budgetary shortfall of 3.1% of the GDP throughout 2019-2021, is considered achievable, highlighting the government’s commitment to fiscal consolidation.