Jul 17 2025, 12:29 PM
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PETALING JAYA: Malaysia will likely miss its fiscal deficit target this year, as spending is seen exceeding projections and revenue may fall, according to BMI, a Fitch Solutions company.
“Malaysia’s budget gap will narrow to 4% of gross domestic product (GDP) from 4.1% last year,” BMI said in a report.
“That misses the official target of 3.8% of GDP and will delay policymakers’ goal of bringing down the deficit to 3% by 2028,” it added.
A failure to meet the target would be a setback for Malaysia, which has the highest credit rating among developing nations in Southeast Asia
“Malaysia’s budget gap will narrow to 4% of gross domestic product (GDP) from 4.1% last year,” BMI said in a report.
“That misses the official target of 3.8% of GDP and will delay policymakers’ goal of bringing down the deficit to 3% by 2028,” it added.
A failure to meet the target would be a setback for Malaysia, which has the highest credit rating among developing nations in Southeast Asia
If still giving goodies away then long-term no hope in fixing fiscal budget deficit as the nation will keep spending more in servicing debts repayment meaning less money for CAPEX for education and healthcare but then again ah, Malaysian where got think long term one, all after instant gratification.
This post has been edited by sankai80: Jul 17 2025, 12:30 PM
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