Finance Minister Tengku Zafrul stated that Malaysia's GDP forecast for 2021, initially projected at 6-7.5%, will be revised down due to the impact of the Full Movement Control Order. The revised figures, expected in mid-August, will also reflect a higher deficit. He noted that the PEMULIH stimulus package could uplift GDP by 2%. Zafrul assured that the government's fiscal injection would be funded through increased revenue, optimisation of expenditure, and domestic borrowings.GOVT’S OFFICIAL GDP FORECAST TO BE REVISED DOWNWARDS, SAYS FINANCE MINISTER
Finance Minister Tengku Zafrul stated that Malaysia's GDP forecast for 2021, initially projected at 6-7.5%, will be revised down due to the impact of the Full Movement Control Order. The revised figures, expected in mid-August, will also reflect a higher deficit. He noted that the PEMULIH stimulus package could uplift GDP by 2%. Zafrul assured that the government's fiscal injection would be funded through increased revenue, optimisation of expenditure, and domestic borrowings.
