Resentment simmers among youths over elders' perceived inaction on country's finances

KUALA LUMPUR, July 31 — The implementation of fiscal consolidation measures is expected to reduce the fiscal deficit to below three per cent and ensure that the debt level does not exceed 60 per cent of the country’s estimated gross domestic product (GDP).

PUTRAJAYA, July 21 — Prime Minister Datuk Seri Anwar Ibrahim said the government has succeeded in reducing annual debt to RM77 billion in 2024 from RM99 billion in 2022.

PUTRAJAYA, March 3 — The government is committed to continuing the institutional reform agenda by implementing changes to ensure transparency and efficiency in financial management and public administration, said Prime Minister Datuk Seri Anwar Ibrahim.

By Fitri Hazim Hazam SHAH ALAM, Nov 15 — The state government is aiming for a revenue collection of RM2.35 billion next year, said Menteri Besar Dato’ Seri Amirudin Shari. He said the target is based on the current revenue collection of RM2.4 billion so far this year, which exceeds the RM2.2...

KUALA LUMPUR, Oct 16 — The government is taking steps to diversify the domestic economic portfolio to reduce the deficit in the workers' compensation account, said the Finance Ministry (MOF).

KUALA LUMPUR, Feb 16 — Malaysia’s current account balance (CAB) recorded a surplus of RM253.4 million in the fourth quarter of 2023, supported by the travel component, the Department of Statistics Malaysia (DoSM) said.

JAKARTA, Jan 2 —Indonesia has reduced its 2023 budget deficit significantly to 347.6 trillion rupiah (YSS$22.47 billion), equivalent to 1.65 per cent of gross domestic product (GDP), based on unaudited figures, its finance minister said on Tuesday The unaudited deficit was far smaller than the...

KUALA LUMPUR, Nov 27 — The government is now looking at further narrowing its fiscal deficit, which eased to 5.6 per cent last year after hitting 6.4 per cent in 2021, amid a much-needed pandemic-induced spending to boost the economy and safeguard Malaysian’s livelihood at large.

JAKARTA, Nov 21 — Indonesia posted a third quarter current account deficit of $0.9 billion, equivalent to 0.2 per cent  of gross domestic product, the central bank said on Tuesday, much smaller than the previous three months owing to recovering demand in some export commodities.

KUALA LUMPUR, Oct 2 — The Budget 2024 deficit is expected to be between 4.0 to 4.3 per cent of the gross domestic product (GDP), in line with fiscal consolidation targets of the 12th Malaysia Plan Mid-Term Review (12MP MTR) and the Madani Economy, said Maybank Investment Bank (Maybank IB).

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 cent previously, which it said is “somewhat aligned” with the government’s fiscal projections.

KUALA LUMPUR, July 19 —  Malaysia’s fiscal deficit is expected to go up to between 6.5 and seven per cent of its gross domestic product (GDP) this year from the six per cent targeted earlier, after factoring in the recent stimulus packages announced by the government.