Economics
Najib Gives ‘Mother of All Budgets’ as He Gears Up for Election
- 2018 GDP growth projected at 5%-5.5%, 2017 forecast was raised
- Fiscal deficit to narrow to 2.8% of GDP in 2018 from 3%
Najib Razak
Photographer: Charles Pertwee/BloombergThis article is for subscribers only.
Malaysia’s Prime Minister Najib Razak is preparing for an election battle.
Armed with higher revenue, he is cutting taxes next year and giving more exemptions while painting a rosier economic picture to lure voters battling higher costs of living.