KUALA LUMPUR, Feb 28 — Fitch Solutions Group (FSG) has lowered Malaysia’s 2023 budget deficit forecast as a share of Gross Domestic Product (GDP) to 4.9 per cent from 5.3 per...
KUALA LUMPUR, Feb 28 — Fitch Solutions Group has lowered Malaysia’s 2023 budget deficit forecast as a share of Gross Domestic Product to 4.9 per cent from 5.3 per cent previously, which it said is “somewhat aligned” with the government’s fiscal projections.
“On February 24, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim unveiled the country’s 2023 budget of RM386.1 billion. This is more expansionary than the RM372.3 billion budget proposed by the former government, which was never passed in Parliament as the lower house was dissolved to make way for general elections.
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