ANN/THE STAR – Malaysia’s growth is set to sustain last year’s pace and exceed five per cent in 2025, as strong foreign direct investments and support from local funds shield the economy from any global risks, Second Finance Minister Amir Hamzah Azizan said.
The country is already on a positive track, with the government likely beating last year’s deficit target of 4.3 per cent of gross domestic product (GDP), Amir said in an interview with Bloomberg Television’s Haslinda Amin. The government plans to narrow the gap further to 3.8 per cent of GDP this year.
“We have a good base because foreign direct investments remain strong and a lot of activity that’s generated is now playing out through the economy,” Amir said in the administrative capital of Putrajaya late on Wednesday.
Restoring fiscal health is key for Malaysia to retain emerging Southeast Asia’s highest credit score as Prime Minister Anwar Ibrahim’s government restores political stability and drives the nation’s economic resurgence.
