“Everything else constant, Budget 2015 deficit target of -3% of GDP will not be met and can be around -4% of GDP instead,” said Maybank IB Research.
Analysts: Govt needs to be ‘realistic’ about deficit target
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With crude oil prices likely to stay low, the government needs to be ‘realistic’ about the -3% of gross domestic product (GDP) budget deficit target, focusing on avoiding deterioration from 2014’s position, Maybank IB Research said in a report today. …
