Malaysia: Government presents 2014 budget, ushers in fiscal reform and restructuring measures

On 25 October, Prime Minister Najib Razak announced the government’s budget for 2014. The budget is designed to address not only the large fiscal deficit, but also a shrinking current account surplus and growing debt. Moreover, the government seeks to tackle these issues without compromising economic growth. According to many analysts, the two main components of the budget are a new goods and services tax (GST) and a restructuring of the subsidy system.

Read more about Malaysian Fiscal.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s