Most countries face financial problems, fiscal deficits - Mustapa

Most countries, including Malaysia, are facing financial problems and a large budget deficit due to the Covid-19 pandemic, said Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed.

However, Malaysia’s forecast deficit as a percentage of the gross domestic product (GDP), at six percent, was among the lowest compared with those of other countries, he said.

“The reality is, the whole world is facing constraints and large deficits. In fact, even oil-producing nations are experiencing...