PETALING JAYA: Fiscal sustainability is crucial for Malaysia’s economic stability and Malaysian Rating Corp Bhd believes the country should focus on building a robust tax base and containing expenditure to ensure long-term fiscal health.
“We estimate a 10% decrease in RON95 fuel subsidies could narrow the fiscal deficit by around 0.2% of gross domestic product . “Raising sufficient revenue while balancing current spending requirements builds buffers for future economic shocks.” it noted. “The government aims to achieve this benchmark by 2026, which, if successful, would stabilise Malaysia’s elevated debt levels and align the deficit with the global median,” it noted.
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