Malaysia will find it challenging to meet its 3% fiscal deficit target for next year due to uncertainties around the U.S.-China trade war, the finance minister revealed to Reuters in an interview. Southeast Asia’s third-largest economy is dealing with a debt pile of over 1 trillion ringgit ($243.19 billion), which the administration of Prime Minister Mahathir Mohamad has blamed on mismanagement by the previous government.
Reuters interview: Malaysia says 2020 fiscal deficit target a ‘challenge’
22 July 2019, 12:00 am. 1 minute
Article Tags
Type: Reuters Best
Sectors: Economy & Policy
Regions: Asia
More of Reuters Best
Reuters exclusively reports Indian sugar mills to close early as rain hits cane supply; sugar futures jump; shares fall
January 29, 2023
Reuters reveals that India may peg gross borrowing under 16 trillion rupees in 2023/24
January 27, 2023