Pantheon Macroeconomics

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22nd Nov 2023 18:51Emerging Asia, Weekly Monitor

  • Malaysia’s fiscal budget for 2024 targets a steep cut in the deficit to 4.3% of GDP, from 5.0% this year...
  • …But the deficit is likely to be bigger, with the bulk of the adjustment falling to lower subsidy spending.
  • The Fiscal Responsibility Bill, if credible, forces the government into stricter austerity measures.

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Keywords for: 27 November 2023 Emerging Asia Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence