Malaysia's Finance Minister, Tengku Zafrul Aziz, stated that fiscal deficit and statutory debt estimates will be revised due to MCO 3.0 and the RM40 billion PEMERKASA+ package. The lockdown may lower 2021 GDP growth to 5%-6.5% from the earlier 6%-7.5% projection, with daily losses estimated at RM400-RM600 million. The RM5 billion fiscal injection will be funded through expenditure savings, borrowings, or dividends from government-linked entities. Further impact assessments are ongoing.FISCAL DEFICIT, STATUTORY DEBT ESTIMATES WILL ‘DEFINITELY’ BE REVISED, SAYS ZAFRUL
Malaysia's Finance Minister, Tengku Zafrul Aziz, stated that fiscal deficit and statutory debt estimates will be revised due to MCO 3.0 and the RM40 billion PEMERKASA+ package. The lockdown may lower 2021 GDP growth to 5%-6.5% from the earlier 6%-7.5% projection, with daily losses estimated at RM400-RM600 million. The RM5 billion fiscal injection will be funded through expenditure savings, borrowings, or dividends from government-linked entities. Further impact assessments are ongoing.
