Govt refutes Nomura's claims, says fiscal deficit within target


Finance Minister Lim Guan Eng says rules for cryptocurrency exchanges, ICO in force by Q1 of 2019.

PETALING JAYA: Finance Minister Lim Guan Eng has refuted Nomura Global Research’s claims that Malaysia’s fiscal deficit for 2018 would deteriorate to 3.9% of gross domestic product (GDP).

Lim said the government is confident of achieving 3.7% and 3.4% of fiscal deficit to GDP in 2018 and 2019, respectively.

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