Business : Government Has To Diversify Revenue To Reduce Fiscal Deficit – Najib

KUALA LUMPUR, June 17 (Bernama) — The government has to diversify revenue to reduce the country’s fiscal deficit to 3.5 per cent this year and achieve a balanced budget by 2020.

Prime Minister Datuk Seri Najib Tun Razak in his Facebook posting today, said sustainable spending is part of the government’s 10-year Economic Transformation Programme (ETP), aimed at turning Malaysia into a high-income economy by 2020.

“We are on track to become a high-income nation as our realised investments grew by five times since 2009.

“Before the ETP, realised investment stood at 3.1 per cent and has grown to the 15.3 per cent today,” he ad…
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