PUTRAJAYA, May 31 — The estimated savings of RM4 billion from the targeted diesel subsidy implementation are expected to give the government a larger fiscal space in efforts to increase the quality of various services that are important for the people.

KUALA LUMPUR, Feb 11 — Bank Negara Malaysia (BNM) said the fiscal space used for Covid-19 pandemic needs to be rebuilt, guided by medium-term fiscal plan and several reform initiatives that include the establishment of a medium-term revenue strategy and formulation of the Fiscal Responsibility Act.