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Economy 04 Oct 2018 | 2:47 AM

World Bank sees slower growth for Malaysia but fiscal deficit narrowing

KUALA LUMPUR: The World Bank sees Malaysia’s economy growing at a slower pace from this year up to 2020 but it also expects the fiscal deficit to narrow, depending on the economic growth.

Business 26 Oct 2013 | 12:00 AM

Economic Report 2013/2014: Government firmly committed to fiscal consolidation

THE Government is firmly committed to fiscal consolidation, as reflected in the steady decline in the fiscal deficit, from a high of 6.7% during the global financial crisis in 2009 to 4.5% in 2012.

Business 24 Jul 2019 | 4:56 AM

Malaysia on track to fully restore fiscal health by 2021

KUALA LUMPUR: Malaysia is on track to fully restore its fiscal health by 2021 as open competitive tenders and zero-based budgeting help bolster government finances, Finance Minister Lim Guan Eng says in emailed statement.

Business 24 Jan 2019 | 12:00 AM

China stepping up fiscal spending this year to support economy

BEIJING: China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said.

Economy 23 Jan 2019 | 5:55 AM

China says will step up fiscal spending this year to support economy

BEIJING: China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday.

Economy 13 Jul 2018 | 10:27 AM

China fiscal policy has 'ample room' to support economy

BEIJING: China's fiscal policy has "ample room" to support the economy, the central bank's chief researcher said in an opinion column on Friday, adding that the policy has not been active enough.

Business 08 Mar 2018 | 12:00 AM

Xiao reassures that fiscal policy still expansionary

BEIJING: China’s fiscal policy remains supportive for economic growth this year despite a rare cut in the government’s budget deficit target, Finance Minister Xiao Jie (pic) said yesterday, as markets worry over whether Beijing is considering scaling back stimulus.

Economy 03 Aug 2017 | 12:00 AM

FPC discusses fiscal consolidation measures

PUTRAJAYA: The Fiscal Policy Committee (FPC) deliberated on fiscal consolidation measures in the strive to achieve a near-balanced budget in 2020.

Business 25 Oct 2013 | 12:52 PM

Economic Report 2013/2014: Fiscal deficit to be reduced to 3.5% in 2014

The Federal Government’s fiscal deficit is expected to be reduced to 3.5% in 2014 as it continues down the path of fiscal consolidation. This will be an improvement from 4.0% in 2013 and 4.5% in 2012.

Business 27 Jun 2019 | 7:40 AM

Govt targets to cut fiscal deficit to below 3% in 2021

KUALA LUMPUR: Finance Minister Lim Guan Eng says the government's fiscal consolidation is on track as it targets to reduce the deficit from 3.7% of GDP in 2018 to below 3% by 2021.