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


“According to preliminary financial accounts closed last year, the government’s fiscal position is well within the 3.7% of GDP deficit target for 2018.  “Furthermore, sales and service tax collections exceeded our initial projection by 34% at RM5.4bil, compared to the projected figure of RM4bil,”  Finance Minister Lim Guan Eng (pic) said.

“According to preliminary financial accounts closed last year, the government’s fiscal position is well within the 3.7% of GDP deficit target for 2018. “Furthermore, sales and service tax collections exceeded our initial projection by 34% at RM5.4bil, compared to the projected figure of RM4bil,” Finance Minister Lim Guan Eng (pic) said.

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.

Economy , GDP , finance minister , Lim Guan Eng , Nomura

   

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