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Malaysia’s fiscal reforms set to lower federal debt ratio to 63.7pc by 2027, says Treasury sec-gen

The Malaysian government aims to reduce the fiscal deficit from 5.5% of GDP in 2022 to 3.3% by 2027, improving the financial position and lowering the debt-to-GDP ratio. The fiscal expansion policy in Budget 2027 supports economic growth and aims to address unemployment and cost-of-living challenges by increasing people's income. [...]