Malaysia targets 3.3pc fiscal deficit in 2027, 3pc by 2028, says Treasury sec-gen

Malaysia aims for a fiscal deficit of 3.3% next year and aims to reduce it to 3% by 2028, according to Treasury secretary-general Tan Sri Johan Mahmood Merican.

The government emphasizes fiscal consolidation to maintain investor confidence and plans to adhere to the Fiscal Responsibility Act to achieve a 3% deficit by 2028.

Uncertainty in the Middle East and potential higher oil prices are included in next year's planning, with subsidies expected to be maintained at RM40 billion.

KUALA LUMPUR, Oct 12 — Malaysia is targeting a fiscal deficit of 3.3 per cent next year as it presses ahead with plans to bring the figure down to 3 per cent by 2028, Treasury secretary-general Tan Sri Johan Mahmood Merican said today.

Speaking at a panel discussion titled “Post-Budget 2027 Debate” organised by the Malaysian Economic Association in Kuala Lumpur, Johan said fiscal consolidation remained a key government priority, particularly in maintaining investor confidence.

“This is an area where the government is placing strong emphasis on.

“This is so Malaysia can demonstrate our ability to execute disciplined and prudent financial management.

“As such we remain committed to the pledges made under the Fiscal Responsibility Act — so that we can achieve a fiscal deficit as low as three per cent by 2028,” he said.

The government is targeting a fiscal deficit of 3.6 per cent this year, after reducing it from 5.5 per cent in 2022 to 3.7 per cent in 2025.

Johan said uncertainty in the Middle East and the possibility of higher oil prices had been factored into the government's planning for next year.

“Consequently, we estimate that this year’s subsidy allocation of around RM40 billion will be maintained into next year.

“However, just as was practiced this year when oil prices rose higher than anticipated, we will make adjustments according to circumstances,” he said.

The government's fiscal consolidation efforts are guided by the Public Finance and Fiscal Responsibility Act 2023, which provides a framework for responsible management of public finances.

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据财政部秘书长丹斯里约翰·马哈茂德·梅里坎称，马来西亚明年的财政赤字目标是3.3%，并计划到2028年将其降至3%。

政府强调财政整顿以维持投资者信心，并计划遵守《财政责任法》，力争到 2028 年实现 3% 的赤字目标。

中东局势的不确定性和潜在的油价上涨已纳入明年的规划，预计补贴额将维持在 400 亿令吉。

吉隆坡，10月12日——财政部秘书长丹斯里约翰·马哈茂德·梅里坎今天表示，马来西亚的目标是明年将财政赤字控制在3.3%，并继续推进到2028年将赤字降至3%的计划。

在吉隆坡由马来西亚经济协会组织的题为“2027 年预算案后辩论”的小组讨论会上，约翰表示，财政整顿仍然是政府的一项重要优先事项，尤其是在维持投资者信心方面。

“这是政府高度重视的领域。”

“这样一来，马来西亚就可以向世人展示我们执行严谨审慎的财务管理的能力。”

“因此，我们仍然致力于履行《财政责任法》下作出的承诺——以便到 2028 年实现财政赤字低至 3% 的目标，”他说。

政府今年的目标是将财政赤字控制在 3.6%，此前已将财政赤字从 2022 年的 5.5% 降至 2025 年的 3.7%。

约翰表示，中东局势的不确定性以及油价上涨的可能性已被纳入政府明年的规划中。

“因此，我们估计今年约 400 亿令吉的补贴拨款将维持到明年。

“但是，就像今年油价上涨超出预期时所做的那样，我们将根据实际情况进行调整，”他说。

政府的财政整顿工作以《2023 年公共财政和财政责任法》为指导，该法为负责任地管理公共财政提供了框架。

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马来西亚副总理法迪拉表示，政府的目标是将马来西亚33条受污染河流的水质改善10%。

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