Govt says meeting 2020 fiscal deficit target of 3pc will be challenging | Malay Mail

Govt says meeting 2020 fiscal deficit target of 3pc will be challenging

22.7.2019

Govt says meeting 2020 fiscal deficit target of 3pc will be challenging

KUALA LUMPUR, July 22 — Malaysia will find it challenging to meet its 3per cent fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview on Monday. Southeast Asia’s third-largest economy is dealing with a debt pile...

Finance Minister Lim Guan Eng said while Malaysia can meet this year’s fiscal deficit target of 3.4 per cent, next year’s target of 3 per cent would be harder to meet. — Picture by Yusof Mat Isa

Southeast Asia’s third-largest economy is dealing with a debt pile of over RM1 trillion, which the administration of Prime Minister Tun Dr Mahathir Mohamad has blamed on mismanagement by the previous government.

Finance Minister Lim Guan Eng said while Malaysia can meet this year’s fiscal deficit target of 3.4 per cent, next year’s target of 3 per cent would be harder to meet. He also said he was “cautiously confident” about meeting the government’s full year growth forecast of 4.3 per cent to 4.8 per cent. — Reuters

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Tough to meet 3% fiscal deficit target for 2020, says Guan EngThe finance minister says he is 'cautiously confident' about meeting Putrajaya's full year growth forecast of 4.3% to 4.8%. guanenglim FMTnews guanenglim Keep on lying la taukeh.

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