Malaysian fiscal deficit at 3.2-3.4pc in 2020 with business-friendly budget, says Affin Hwang | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Malaysian fiscal deficit at 3.2-3.4pc in 2020 with business-friendly budget, says Affin Hwang

KUALA LUMPUR, July 23 — Malaysia’s fiscal deficit is likely to range between 3.2 to 3.4 per cent in 2020, should the government roll out a more business- and consumer-friendly, as well as expansionary budget for 2020, says Affin Hwang Investment Bank Bhd.

Head of research and chief economist Alan Tan said the budget would be able to provide a short-term boost to the country’s economy and cushion the slowdown in exports amid the on-going US-China trade spat. “The budget may include measures that are supportive of private consumption and strategies that could drive investments.

“And one of my suggestions could be to look at a possible cut in corporate income tax,” he told at a media briefing on the market outlook for the second half of 2019 here today. — Bernama

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines