Malaysia's Finance Minister, Tengku Zafrul Aziz, indicated that GDP and fiscal deficit projections may be revised following MCO 3.0, with statutory debt at 58.5% after the Pemerkasa+ package. The government is assessing sectoral impacts and may adjust the 6% deficit forecast due to anticipated lower GDP. To fund stimulus packages, options include reprioritising expenditure, increasing revenue from statutory bodies and GLCs, or raising debt, while ensuring support for citizens and businesses.GDP, FISCAL DEFICIT NUMBERS LIKELY TO BE REVISED: TENGKU ZAFRUL
Malaysia's Finance Minister, Tengku Zafrul Aziz, indicated that GDP and fiscal deficit projections may be revised following MCO 3.0, with statutory debt at 58.5% after the Pemerkasa+ package. The government is assessing sectoral impacts and may adjust the 6% deficit forecast due to anticipated lower GDP. To fund stimulus packages, options include reprioritising expenditure, increasing revenue from statutory bodies and GLCs, or raising debt, while ensuring support for citizens and businesses.
