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Exclusive: Malaysia to double deficit to fund stimulus, says finance minister


KUALA LUMPUR (Reuters) - Malaysia aims to borrow its way out of an economic slump brought on by the coronavirus pandemic, and the finance minister told Reuters it will nearly double its fiscal deficit this year while keeping open the option of raising the public debt ceiling.

Southeast Asia’s third-biggest economy has announced incentives worth 295 billion ringgit ($69 billion) to soften the impact of the coronavirus pandemic, with the government vowing to directly inject 45 billion ringgit of that into the economy, mostly raised through domestic borrowings.

Finance Minister Tengku Zafrul Aziz told Reuters the fiscal deficit would rise ...


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