Tengku Zafrul: Malaysia on track to achieve 6.5% deficit target this year

Tengku Zafrul also gave the assurance that the government’s proposed Cukai Makmur (Prosperity Tax), to be implemented next year, would be charged on a one-off basis as the country is facing an extraordinary time and the new tax would be implemented in that spirit.

KUALA LUMPUR:The government is confident of achieving its deficit target of 6.5 per cent of gross domestic product (GDP) for this year, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He said Malaysia is on track to meet the target but much would depend on the country's revenue performance, how far it can reprioritise spending, and the final GDP outcome.