KUALA LUMPUR: Malaysia is expected to record a wider current account surplus of RM62 billion, or 3.4 per cent of gross national income (GNI) in 2023, ...
: Malaysia is expected to record a wider current account surplus of RM62 billion, or 3.4 per cent of gross national income in 2023, on the back of a smaller deficit in the services and income accounts, said the Ministry of Finance .
“The performance is expected to continue in 2H2023 with the current account surplus forecast to expand to RM48.6 billion, or 5.2 per cent of the GNI following smaller deficit in the services and income accounts albeit narrowing surplus in the goods account,” it said. With the gradual return to normalcy in many nations post-Covid-19 pandemic, the MoF said the travel account is expected to register a surplus of RM14.5 billion, while the transport account is anticipated to register a smaller deficit of RM28.7 billion due to the surge in tourist arrivals.
According to the ministry, earnings in the secondary income account for the whole year are anticipated to increase to RM35.3 billion following higher remittances by Malaysians working abroad.
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