Malaysia’s fiscal stance to remain expansionary

“We are confident that we will meet our 6% (deficit) target this year, or even lower, given the potential revenue upside from higher commodity prices as well as the recent tax revenue collection, which has nearly recovered to pre-pandemic levels,” Tengku Zafrul said in his keynote address at the Moody’s Inside Asean series: Rising fiscal in the wake of pandemic recovery yesterday.

KUALA LUMPUR: Malaysia’s fiscal stance will remain expansionary this year to ensure that the recovery momentum is maintained, economic scarring is minimised, and the economy returns to its medium-term growth trajectory, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

As a result, the pace of consolidation would be gradual, he said.