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Malaysia's 2017 fiscal deficit target 'achievable' — Nomura

Mimi Sabreena 2:17:00 PM Informasi

KUALA LUMPUR (Aug 16): Malaysia is likely to meet its 2017 fiscal deficit target of 3% of gross domestic product (GDP), on expectation of higher GDP growth, as well as crude oil price gains that would support government revenue, according to Nomura.

In a note today, Nomura said the fiscal deficit target was "achievable", as Brent crude oil prices averaged US$52 a barrel year-to-date, above the US$45 budget assumption, as commodity prices improved.

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