Malaysia is planning a larger deficit than earlier targeted for Budget 2020 in the face of global headwinds, slowing an ambitious plan to slash debt amid grumbles over a stalling economy.
Official and financial sources told The Straits Times that the Finance Ministry has been receiving feedback to take a "pragmatic" view of the fiscal balance ahead of the Oct 11 tabling of the Budget, amid expectations of continued low oil prices and deepening worries over an escalating United States-China trade war.
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