Govt achieved 2019 fiscal deficit target of 3.4%: Lim

Finance Minister Lim Guan Eng speaks at a press conference at the Royal Malaysian Customs Department’s Customs Day and Ministry of Finance Day meetings today. - BernamaThe government achieved its fiscal deficit target for 2019 of 3.4% of gross domestic product , according to Finance Minister Lim Guan Eng.

Lim also announced that in 2010 the government collected RM27.6 billion in Sales and Service Tax revenue, surpassing the target of RM22 billion in the Budget.“If you ask about the shortfall of RM17 billion because the GST collection was previously RM44 billion, in actual fact it is RM9 billion, because from this amount almost half are refunds which were supposed to have been paid,“ he added.

“In the previous Budget we estimated that the gap would be RM10 billion but the gap was less than RM8 billion, and we are also announcing measures to cover that gap.

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Finance minister: Govt achieved 2019 fiscal deficit target of 3.4pc | Malay MailPETALING JAYA, Jan 9 — The government achieved its fiscal deficit target for 2019 of 3.4 per cent of gross domestic product (GDP), says Finance Minister Lim Guan Eng. “We reached the target 100 per cent, we achieved a fiscal deficit of 3.4 per cent of GDP. We definitely achieved it,” he told...
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