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KUALA LUMPUR: The government recognises the need to enhance fiscal risk management and establish a more robust fiscal framework, with a commitment to further reduce debt and liability by being prudent and fiscally responsible.
PETALING JAYA: The audacious move by the Pakatan Harapan government to abolish the goods and services tax (GST) may not necessarily derail Malaysia from its fiscal deficit target, as feared by many economic pundits
PETALING JAYA: The Government is expected to redefine its fiscal ambition for 2020 as it has become increasingly clear that its earlier target to achieve a near-balanced budget position by the end of the next three years has been challenged by the changing economic circumstances. An economist told StarBiz that the Government would likely set a new target for 2020, the year in which Malaysia is expected to achieve developed nation status when it unveils Budget 2018 this Friday
PETALING JAYA: Malaysia will need to make further progress on subsidy rationalisation and other fiscal reforms to meet the Government’s fiscal targets.
PETALING JAYA: Fiscal discipline by the government remains an important factor in maintaining investors’ confidence towards Malaysia’s capital market, says Moody’s Investors Service.
AGAINST market expectations of an austerity budget and despite a trillion-ringgit debt, Budget 2019 is one that is expansionary, with the fiscal deficit projected at 3.7% in 2018 and 3.4% in 2019.
PETALING JAYA: Malaysia’s fiscal deficit could increase to 3.7%-4.6% of gross domestic product (GDP) under Budget 2019, which is the inaugural budget for the Pakatan Harapan-led government to be tabled in Parliament on Nov 2, according to AmBank Research.
KUALA LUMPUR: RAM Ratings Services Bhd has projected Malaysia’s fiscal deficit in 2019 to narrow to 3.3% of the gross domestic product (GDP) from an estimated 3.6% in 2018, amid still-resilient domestic demand growth, the implementation of various fiscal measures and ongoing institutional reforms.