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Explain about the budget deficit situation that has occurred in Malaysia. Choose any year that's available...

Explain about the budget deficit situation that has occurred in Malaysia. Choose any year that's available for you to get the information about the situation.
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Answer #1

Year choosen - 2019

budget deficit situation that has occurred in Malaysia
  • In 2018 , the budget deficit was 3.2 % of GDP Which got increased to 3.5 % in year 2019.
  • Due to this government remained sensitive for the decision relating to budget deficit and fiscal deficit
  • Government try to stave off larger slippage by increasing taxes and finding news areas for cutting their spending. they also increased the petroleum royalties
  • The bank named Negra Malaysia ,it was found bthat there Foriegn exchange reserves fell down.
  • Even the local bond , which was expected to widen but due to budget defective all local bonds just blown out
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