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Although expansionary in focus, Malaysia maintains fiscal flexibility through careful management, and growth at a sustainable level. Interest payments for debt servicing by the government is low; approximately 16% of operating expenditure. In addition, the federal budget incorporated tax reforms to stimulate expansion of domestic demand while increasing the country's competitiveness and resilience...
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In addition, the federal budget incorporated tax reforms to stimulate expansion of domestic demand while increasing the country's competitiveness and resilience.
In an effort to mitigate the effects of the declining value of the Ringgit and discourage speculative currency trading, the government imposed capital controls and fixed the exchange rate of the Ringgit at RM3...
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