Budget 2025 maintains gradual fiscal consolidation approach - Fitch Ratings

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KUALA LUMPUR: Malaysia’s Budget 2025 reaffirms a commitment towards gradual fiscal consolidation from a high debt level compared with peers, according to Fitch Ratings.

"Positive fiscal surprises that lead to a faster reduction in debt or GDP than we expect could put upward pressure on Malaysia’s rating," it concluded.

The measures include a 2.0 per cent tax on individual dividend income, higher excise duties on sugary drinks, and adjustments to the sales and service tax to expand its scope and make it more progressive.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: GDP Fitch Ratings /Business/Business News Fiscal Budget 2025

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 16:02:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23322449

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