Federal gov't on track to meet deficit target

Federal gov't on track to meet deficit target

Malaysiakini - News·2019-09-27 05:07

MP SPEAKS | The federal government is on track to meet its deficit target of 3.4 percent of the 2019 GDP and will raise RM52 billion worth of net direct debt for development expenditure purposes this year.

The RM52 billion worth of net direct debt for this fiscal year was planned in the 2019 Budget tabled last year. The planned RM52 billion fiscal deficit will translate into 3.4 percent of the 2019 GDP. 

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