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Headwinds make markets more forgiving of a missed KL fiscal deficit target

Friday, October 2, 2015 - 05:50
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"The one good thing Najib has done since taking over is that he has actually reduced the deficit." - Suresh Ramanathan, interest rate and FX strategist. (Above) Malaysian Prime Minister Najib Razak addressing a plenary meeting of the United Nations in New York

Kuala Lumpur

GIVEN the prevailing economic headwinds, analysts do not think Malaysia would be unduly faulted should it not meet its objective of a balanced budget by 2020 so long as it continues to trim the fiscal deficit.

Their comments come on the heels of Prime Minister Najib

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