Gradual process to consolidate fiscal deficit

PETALING JAYA: The government will not impose new permanent taxes as well as broad-based taxes until Malaysia’s economic recovery is ascertained.

Following a dialogue with Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, Maybank IB Research disclosed in its post- Budget 2022 note that the government is looking at ways to consolidate the budget deficit and create room for fiscal space in the future.