BMI retains forecast for 2024 budget deficit at 4.3%

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BMI retains forecast for 2024 budget deficit at 4.3%
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The forecast is in line with the government’s fiscal projections, says BMI Research.

BMI Research said Budget 2024 marks a positive step towards Malaysia’s medium-term goal of narrowing its budget deficit to 3.5% of GDP by 2025.

“The budget also marks a positive step towards Malaysia’s medium-term goal of narrowing its budget deficit to 3.5% of GDP by 2025,” it said in a statement today. “Specifically, the government expects dividend income from Petronas to decrease from RM47.8 billion in 2023 to RMR39.7 billion in 2024,” it said.

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