BMI maintains Malaysia's budget deficit forecast at 4.9%

KUALA LUMPUR: BMI has maintained its 2023 forecast for Malaysia’s federal government budget deficit at 4.9 per cent of gross domestic product (GDP) from 5.6 per cent in 2022.

In a report published today, the Fitch Solutions unit said that the forecast is slightly above the government’s projection, which forecasts a deficit of 5.0 per cent.