Economy

Budget 2020’s growth-supportive fiscal stance appropriate, RAM says

The Government intends to transition to a targeted fuel subsidy regime in 2020.

KUALA LUMPUR: RAM Ratings views Malaysia’s fiscal stance underpinning Budget 2020 as supportive of domestic demand activity.

This position is appropriate in view of the backdrop of highly uncertain global growth conditions.

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Budget 2020 , RAM Ratings , fiscal deficit , tax refunds , lower fuel subsidy , government debt

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