Published on: Monday, April 19, 2021
By: Bernama
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Mustapa (left) visiting the exhibition booth at the state-level Malaysia Population and Housing Census 2020 (Census 2020) here.
KOTA BHARU: Most countries, including Malaysia, are facing financial problems and a large budget deficit due to the Covid-19 pandemic, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.
However, Malaysia’s forecast deficit as a percentage of the Gross Domestic Product (GDP), at six per cent, was among the lowest compared with those of other countries, he said.
“The reality is, the whole world is facing constraints and large deficits. In fact, even oil-producing nations are experiencing deficits. Some countries are recording budget deficits of about 10 per cent and even up to 15 per cent,” he told a media conference following an engagement session with the Department of Statistics Malaysia’s (DOSM) Kelantan office on the state-level Malaysia Populat
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