Finance Minister Tengku Zafrul Aziz stated that Malaysia has fiscal space to manage economic challenges, with a debt-to-GDP ratio at 60% and inflation forecasted at 2.2%-3.2% due to RM80 billion in subsidies. While subsidies are beneficial short-term, he emphasised a need for targeted measures. Malaysia's economy, buoyed by strong GDP growth and commodity prices, is recovering from the pandemic. Regional stability and global trends remain crucial, with cautious outlooks for 2023.
Also available in 'The Borneo Post Sabah', 'The Borneo Post Sarawak', 'New Sarawak Tribune'.MALAYSIA HAS FISCAL SPACE TO MANAGE PRICE PRESSURES
Finance Minister Tengku Zafrul Aziz stated that Malaysia has fiscal space to manage economic challenges, with a debt-to-GDP ratio at 60% and inflation forecasted at 2.2%-3.2% due to RM80 billion in subsidies. While subsidies are beneficial short-term, he emphasised a need for targeted measures. Malaysia's economy, buoyed by strong GDP growth and commodity prices, is recovering from the pandemic. Regional stability and global trends remain crucial, with cautious outlooks for 2023.
Also available in 'The Borneo Post Sabah', 'The Borneo Post Sarawak', 'New Sarawak Tribune'.
