KUALA LUMPUR, Nov 6  -- Public sector debt till June 2020 increased to RM1.2 trillion or 85.5 per cent of Gross Domestic Product (GDP) due to higher Federal Government fiscal deficit to finance the COVID-19 pandemic stimulus measures, the Finance Ministry said.

KUALA LUMPUR, Nov 6  -- The Federal Government revenue is projected to decrease by 14 per cent to RM227.3 billion in 2020 from RM264.4 billion last year as a result of lower tax collection.

KUALA LUMPUR, Nov 6  – Malaysia has not been spared from the adverse impact of the COVID-19 pandemic which has immobilised the global economy within a span of a few months.

KUALA LUMPUR, Nov 6 -- The government has revised the Medium-Term Fiscal Framework (MTFF) 2021-2023 on account of the impact caused by the COVID-19 crisis, the Finance Ministry said in its 2021 Fiscal Outlook and Federal Government Revenue Estimates report released today.

KUALA LUMPUR, Nov 5 -- The domestic equity market is expected to regain traction following investors' optimistic outlook on the pace of global market recovery and domestic economic growth, supported by various strategic projects, said Ministry of Finance (MoF). 

KUALA LUMPUR, Nov 6  -- The government aims to reduce the fiscal deficit to under 4 per cent of gross domestic product (GDP) over the next three to four years under its fiscal reform agenda, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.

KUALA LUMPUR, Nov 6  – The country’s monetary and financial position remained resilient throughout the onslaught of the COVID-19 pandemic and supportive of economic recovery, said the Ministry of Finance (MoF).

KUALA LUMPUR, Nov 6 -- The Federal Government's revenue is envisaged to turn around by 4.2 per cent in 2021 to RM236.9 billion, or 15.1 per cent of Gross Domestic Product (GDP), on the back of improving economic growth and business prospects.

KUALA LUMPUR, Nov 6 – The Malaysian government is allocating RM322.5 billion, or 20.6 per cent of the Gross Domestic Product (GDP), for Budget 2021.

KUALA LUMPUR, Nov 6  -- The construction sector is expected to bounce back with a 13.9 per cent growth next year on account of the acceleration and revival of major infrastructure projects, coupled with affordable housing projects.