KUALA LUMPUR, July 31 — The implementation of fiscal consolidation measures is expected to reduce the fiscal deficit to below three per cent and ensure that the debt level does not exceed 60 per cent of the country’s estimated gross domestic product (GDP).
KUALA LUMPUR, March 3 — The government remains committed to reducing the deficit with a projection of 3.8 per cent in 2025, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR, Dec 17 — Fitch Ratings' latest affirmation on Malaysia's sovereign credit rating underscores its economic progress as envisioned under the Madani Economy framework, said Prime Minister Datuk Seri Anwar Ibrahim.
KUALA LUMPUR, Dec 15 — The International Monetary Fund (IMF) has commended Malaysia’s economic reforms, notably the introduction of the Public Finance and Fiscal Responsibility Act (FRA) 2023 and the successful implementation of electricity and diesel subsidy reforms.
KUALA LUMPUR, Nov 11 — The trend of declining fiscal deficit reflects the government’s commitment to reducing the debt-to-gross domestic product (GDP) ratio, ensuring it stays below 60 per cent in the medium term, as stipulated by the Public Finance and Fiscal Responsibility Act 2023.
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