Fiscal deficit target poser

Quick Summary:

Malaysia may not achieve a lower fiscal deficit target of 3.8% of gross domestic product (GDP) this year versus 4.1% in 2024, warn analysts, as the economy faces risks of slower growth this year.

In contrast, economist Geoffrey Williams, however, said the government’s deficit target is still achievable even though slower growth puts pressure on fiscal consolidation and debt reduction.

Sunway University economics professor Yeah Kim Leng concurred that the government’s ability to achieve the fiscal deficit target may be “slightly” derailed given the lower revenue collection and possibly higher-than-budgeted government stimulus spending.

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Article Details

Author / Journalist: ELIM POON

Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: FiscalDeficit Economy DebtManagement MalaysiaEconomy TariffImpact IMFWarning GDPForecast /Business/Business News TaxReform

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-25 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1047 words

Reading Time: 6 minutes read

Sentences: 28 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 28199756

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 38 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 34 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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