Skip to main content

Advertisement

Advertisement

Business

Malaysia targets fiscal deficit of 3.5per cent by 2025 -finance ministry

Malaysia targets fiscal deficit of 3.5per cent by 2025 -finance ministry

FILE PHOTO: A view of the Kuala Lumpur city skyline in Malaysia August 15, 2017. REUTERS/Lai Seng Sin

KUALA LUMPUR : Malaysia is targeting a reduction in its fiscal deficit to 3.5per cent by 2025, the finance ministry said on Thursday.

The government remains committed to fiscal consolidation in the medium term, and it has to be more robust than previously planned, the ministry said in a statement.

Malaysia had earlier forecast a deficit of 6.5per cent-7per cent for this year.

(Reporting by A. Ananthalakshmi; Editing by Ed Davies)

Source: Reuters

Advertisement

Also worth reading

Advertisement