KUALA LUMPUR, Oct 9 (Bernama) -- The fiscal deficit is projected to narrow to 3.3 per cent of gross domestic product (GDP) in 2027, in line with the medium-term consolidation under the Public Finance and Fiscal Responsibility Act 2023 (Act 850), the Ministry of Finance (MoF) said.
Business : Malaysiaâs Fiscal Deficit To Narrow To 3.3 Pct In 2027 -- MoF
MOF, revenue, fiscal deficit, fiscal outlook, tax,
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Key points
- In its Fiscal Outlook and Federal Government Revenue Estimates 2027 released today, the MoF said the pace and quality of consolidation will remain calibrated to prevailing economic conditions, with fiscal adjustment anchored by sustainable revenue improvements and expenditure efficiency.
- MoF said the Government-Linked Enterprises Activation and Reform Programme (GEAR-uP) initiatives will continue to complement broader efforts to mobilise investment towards strategic sectors in line with national development priorities.
- This has provided an important fiscal buffer to accommodate additional expenditure pressures, with federal government revenue estimated to increase by six per cent to RM363.6 billion in 2026, compared to the initial estimate, it said.
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