By Farah Wahida:
Malaysia’s gross domestic product (GDP) is expected grow between five percent and 5.5 percent in 2013, said Deputy Finance Minister Datuk Donald Lim Siang Chai.
The good economic growth will likely be driven by healthy domestic demand and more income inflow from the tourism, construction and services sectors, he said in a report by The Borneo Post.
“On fiscal deficit, we expect it to be reduced to four percent or below next year, from the current 4.7 percent.”
Furthermore, the government aims to cut Malaysia’s fiscal deficit to three percent by 2015.
Malaysia’s gross domestic product (GDP) is expected grow between five percent and 5.5 percent in 2013, said Deputy Finance Minister Datuk Donald Lim Siang Chai.
The good economic growth will likely be driven by healthy domestic demand and more income inflow from the tourism, construction and services sectors, he said in a report by The Borneo Post.
“On fiscal deficit, we expect it to be reduced to four percent or below next year, from the current 4.7 percent.”
Furthermore, the government aims to cut Malaysia’s fiscal deficit to three percent by 2015.
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