Economics

Malaysia Is Set to Lower Income Tax, Widen Deficit Goal

Economists expect wider 2020 deficit target from current 3%
Malaysia may cut income tax, boost handouts to support growth

Malaysian Budget to Focus on SME, Cost of Living, Says Ram Rating Services’s Lai

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By Anisah Shukry

October 10, 2019 at 10:00 PM UTC

Updated on

October 11, 2019 at 6:23 AM UTC

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Malaysian Prime Minister Mahathir Mohamad faces a choice in the 2020 state budget between keeping a pledge to reduce public debt or ramping up spending to weather the U.S.-China trade war.