Exclusive: Malaysia to double deficit to fund stimulus, says finance minister
Share:
KUALA LUMPUR (Reuters) - Malaysia's fiscal deficit will nearly double to around 6% of annual economic output this year because of the government's recent efforts to revive the economy, the finance minister told Reuters, adding it could seek to raise the debt ceiling to finance the stimulus.Southeast Asia's third-biggest economy has announced incentives worth 295 billion ringgit (54.5 billion pounds) to soften the impact of the coronavirus pandemic, with the government vowing to directly inject..