BMI sees deficit below 4% in 2025

A clear sky shot of Kuala Lumpur city skyline taken from 23 floor at Tamu Hotel in Kampung Baru, Kuala Lumpur. - MUHAMAD SHAHRIL ROSLI/The Star.

KUALA LUMPUR: BMI, a Fitch Solutions company, has maintained its forecast for the country’s federal government budget deficit to narrow from 5% of gross domestic product (GDP) in 2023 to 4.3% in 2024, and further to 3.9% in 2025.

The research firm noted that thus far in 2024, the unity government has made significant strides in controlling spending.