KUALA LUMPUR, 13 March 2009: The country’s widening fiscal deficit from 4.8% to 7.6% for 2009 is not expected to result in the downgrade of its credit rating as it is at an acceptable level in times of economic crisis, the Dewan Rakyat was told yesterday. Deputy Prime Minister and Finance Minister Datuk Seri Najib […]
deficit
Mini budget may exceed RM10b
By Joe ChinKUALA LUMPUR, 6 March 2009: The government’s mini budget package could exceed the RM10 billion announced on 5 March as it had yet to include tax measures and other measures that are not financed by the government, economists said. RHB Research said on today these include a lump sum payment of yearly dividend to employees […]
Budget deficit may exceed 5% in 2009
KUALA LUMPUR, 3 Feb 2009: The budget deficit this year is likely to exceed five percent due to increased government spending, resulting from pump priming, to spur the economy, according to analysts. The government announced a RM7 billion stimulus package on 4 Nov last year to face the global economic slowdown and is expected to […]
Budget deficit to be revised upwards
KUALA LUMPUR, 29 Jan 2009: Malaysia will revise upwards its projected budget deficit for this year, following the introduction of the second stimulus package to be announced soon, said Deputy Prime Minister Datuk Seri Najib Razak. The quantum of increase in the fiscal deficit would depend on how much the government is going to pump-prime […]
