Zafrul: Malaysia’s fiscal deficit to be at 5.8% to 6% this year

Finance Minister Tengku Datuk Seri Zafrul Aziz said during a Webinar on June 9 hosted by Maybank Investment Bank Research the Economic Recovery Plan (Penjana) will bring the budget deficit up to 5.8%-6.0% of GDP.

KUALA LUMPUR: Malaysia’s fiscal deficit is expected to increase to between 5.8% and 6% of GDP this year following the implementation of the government’s stimulus programmes to offset the severe fallout from the Covid-19 pandemic.

Finance Minister Tengku Datuk Seri Zafrul Aziz said during a Webinar on June 9 hosted by Maybank Investment Bank Research the Economic Recovery Plan (Penjana) will bring the budget deficit up to 5.8%-6.0% of GDP.