Govt to revise deficit target following fiscal impact of Pemulih

The implementation of the National People’s Well-Being and Economic Recovery Package (Pemulih) is expected to have an impact on the government’s fiscal situation and a new fiscal deficit target will be made when the effects of the current Movement Control Order (MCO) on the Gross Domestic Product (GDP) are announced in August. 

Treasury deputy secretary-general (policy) Zakiah Jaafar said the RM150 billion Pemulih involves an additional direct fiscal injection of RM10 billion, which will obviously impact the government’s fiscal position.