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KUALA LUMPUR: Malaysia will find it challenging to meet its 3% fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview.
THE government forecasts its fiscal deficit to decline to 3.4% in 2019 from 3.7% this year underpinned by much higher revenue collection, especially from investment income.
PETALING JAYA: Finance Minister Lim Guan Eng’s action to postpone the five pledges of Pakatan Harapan should be applauded as it seeks to maintain the fiscal deficit of 2.8%, says Tan Sri Ramon Navaratnam.
WASHINGTON: Barack Obama won re-election on Tuesday night, but the U.S. president faces a fresh challenge confronting the fiscal cliff, a mix of tax increases and spending cuts due to extract some $600 billion from the economy barring a deal with Congress.
WASHINGTON: A glimmer of hope for a breakthrough flickered in the fiscal impasse which has crippled Washington and threatened serious damage to the global economy.
WASHINGTON: Congressional negotiations to end a U.S. fiscal crisis gripping Washington and spooking financial markets hung by a thread on Saturday after bipartisan talks broke down in the House of Representatives and shifted to Senate leaders.
Comment - By Lee Heng Guie WE understand the government has to make choices and trade-offs to manage the medium-term fiscal challenges and limitations. It is indeed a tough and challenging political balancing act for the Finance Minister to craft a responsive budget without impairing growth and worsening the fiscal deficit.