PM says administration projects lower debt rate of 3.8 pct this year

By Danial Dzulkifly SHAH ALAM, June 17 — Malaysia’s fiscal deficit has narrowed to 4.5 per cent of the national gross domestic product in the first quarter of 2025, down from 5.7 per cent in the same period last year. This is said to reflect improved revenue collection from the revised Sales and...

KUALA LUMPUR, Nov 11 — The government aims to reduce the fiscal deficit to three per cent in the medium term, as outlined in the Madani Economy framework and the Public Finance and Fiscal Responsibility Act 2023 (Act 850).

KUALA LUMPUR, Oct 14 — The Federal government recorded better financial performance in 2023 compared to 2022, with a surplus increase of RM2.028 billion and a deficit reduction of RM8.595 billion.

KUALA LUMPUR, Oct 3 — OCBC Global Market Research sees Malaysia meeting its fiscal deficit target of 4.3 per cent of gross domestic product (GDP) this year and expects the government to target an even narrower deficit of between 3.5 and 3.8 per cent in 2025.

KUALA LUMPUR, Oct 3 — CIMB Securities Sdn Bhd is projecting the fiscal deficit to narrow to 3.8 per cent of gross domestic product (GDP) in 2025 from an estimated 4.3 per cent this year, with the growth in government revenue expected to outpace operating expenditure (opex).

KUALA LUMPUR, July 25 — Prime Minister Datuk Seri Anwar Ibrahim has refuted claims that the national monetary, fiscal, and budget policies have not been successful in achieving the government’s promise of debt and fiscal deficit reduction.

PUTRAJAYA, March 1 — Prime Minister Datuk Seri Anwar Ibrahim wants the efforts to reduce Malaysia's fiscal deficit to continue so future generations will not be burdened.

KUALA LUMPUR, Feb 19 — The Unity Government will make efforts to reduce the country's fiscal deficit rate to 4.3 per cent this year, said Communications Minister Fahmi Fadzil.

KUALA LUMPUR, Feb 16 — The Madani Government is confident of achieving stronger Gross Domestic Product (GDP) growth of between four and five per cent in 2024 on the back of strong fundamentals and reforms mapped out in the Madani Economy and Budget 2024.

KUALA LUMPUR, Dec 12 — Malaysia’s economic momentum is expected to steadily improve heading into next year, with gross domestic product (GDP) set to grow by 4.5 per cent to 5.5 per cent in 2024 from an estimated 4.0 per cent this year, according to RAM Rating Services Bhd (RAM Ratings).

KUALA LUMPUR, Nov 27 — The government will roll out the targeted RON95 subsidy programme in the second half of 2024 to optimise its resources towards those that need it the most, said Economy Minister Rafizi Ramli.

PUTRAJAYA, Oct 17 — The focus on reducing Budget 2024's fiscal deficit is aimed at boosting investor confidence and spurring economic growth, said Prime Minister Datuk Seri Anwar Ibrahim.

KOTA KINABALU, June 27 — Success in lowering the fiscal deficit to the targeted 3.5 per cent of gross domestic product by end-2025 will signal that the national debt will decrease in the years that follow, said Economy Minister Rafizi Ramli.

KUALA LUMPUR, June 6 — A sharp decline in the fiscal deficit rate will affect the country’s economy adversely, especially in terms of development projects related to education, healthcare and rural infrastructure, says Prime Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR, March 14 — The strengthening of the US dollar has so far not affected the government's revenue and expenditure although food prices, especially the import of seeds and fertilisers have suffered due to the weakness of the ringgit against the currency.

KUALA LUMPUR, March 14 — Prime Minister Datuk Seri Anwar Ibrahim is scheduled to answer a question about the government’s measures to reduce the country’s fiscal deficit to 3.2 per cent by 2025 in the Dewan Rakyat today.

KUALA LUMPUR, March 9 — Prime Minister Datuk Seri Anwar Ibrahim has given assurance that the government can achieve the target of reducing the country’s fiscal deficit to 5.0 per cent of gross domestic product in 2023 and to 3.2 per cent in 2025.

KUALA LUMPUR, March 9 — Malaysia, Indonesia and Turkiye will be the largest sovereign issuers in 2023-2024, taking over from Saudi Arabia which accounted for the largest single share of long-term sovereign sukuk issuances over the past six years, according to Moody’s Investors Service.

KUALA LUMPUR, Feb 28 — Malaysia’s economic growth is likely to moderate in 2023 with the gross domestic product (GDP) expected to grow 4.1 per cent after an exceptional 8.7 per cent expansion in 2022, said Moody’s Analytics.