CLICK TO ENLARGEPETALING JAYA: Budget 2022, which will be tabled in the parliament on Friday, is expected to remain expansionary, as the government seeks to support Malaysia’s economic growth. This could imply an elevated level of fiscal deficit as well as higher federal debt next year. According to Kenanga Research’s projection, the fiscal deficit could rise to 6.9% of gross domestic product( GDP) in 2022 from the estimated 6.2% of GDP this year. The brokerage noted its projection for a higher
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2021-10-27 00:00:00.0