BANGKOK, Oct 13 (Bernama) -- Malaysia aims to reduce its fiscal deficit to below three per cent of gross domestic product (GDP) within the next two years through fiscal consolidation, targeted subsidy reforms and stronger private-sector participation, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
Business : Malaysia Targets Fiscal Deficit Below 3 Pct Within Two Years â Amir Hamzah
Malaysia, Amir Hamzah Azizan, IMF, fiscal defic
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Key takeaways
Malaysia aims to reduce its fiscal deficit below 3% of GDP within two years through reforms and private-sector involvement.
- Malaysia's fiscal deficit dropped from 6.4% to 3.7% of GDP in five years.
- Subsidy reforms focus on efficient use of public funds and targeting those in need.
- Economic indicators like GDP growth and low inflation support fiscal efforts.
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