Malaysia's 2021 fiscal deficit to hover between 6.5 and 7pct of GDP

Malaysia’s fiscal deficit is expected to go up to between 6.5 and seven percent of its gross domestic product (GDP) this year from the six percent targeted earlier, after factoring in the recent stimulus packages announced by the government.

Finance Minister Tengku Zafrul Abdul Aziz (above) said the government is ready to expand fiscal space whenever necessary to support the economy and the people.

“We have a deficit that is going to...