Fiscal deficit to reach 6.0pct of GDP this year - Zafrul

Malaysia's fiscal deficit is expected to rise to 6.0 percent from an earlier estimate of 5.4 percent this year following the implementation of the Pemerkasa stimulus package announced by Prime Minister Muhyiddin Yassin yesterday.

However, Finance Minister Tengku Zafrul Abdul Aziz emphasised that the country has the ability to reduce its fiscal deficit, adding that the ministry would continue to focus on its fiscal consolidation agenda...