PM: Sharp drop in fiscal deficit detrimental to economy, development projects

A sharp decline in the fiscal deficit rate will affect the country’s economy adversely, especially in terms of development projects related to education, healthcare and rural infrastructure, says Prime Minister Anwar Ibrahim.

Anwar, who is also the finance minister, said that instead of being lowered abruptly, the deficit should be reduced gradually to an acceptable level, as was announced earlier.

“Economic as well as...