![Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-01/51643195949_TBRHB.jpg)
Budget 2023: Tax incentives for ACE, LEAP listings to catalyse entrepreneurship
The Budget 2023 commits to fiscal consolidation with further reduction in budget deficit to GDP ratio to 5% this year and to 3.2% by 2025.
Fri Feb 24 2023
![Selangor tables RM2.34 bil Budget for 2022 Selangor tables RM2.34 bil Budget for 2022](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-11/61637918353_AmirudinShari.jpg)
Selangor tables RM2.34 bil Budget for 2022
Amirudin said there would be a budget deficit of RM222.71 million based on the state's projected revenue of RM2.1 billion.
Fri Nov 26 2021
![Raising debt ceiling enables government to finance Budget deficit in medium term - Tengku Zafrul Raising debt ceiling enables government to finance Budget deficit in medium term - Tengku Zafrul](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-10/61635604276_Zafrul.jpg)
Raising debt ceiling enables government to finance Budget deficit in medium term - Tengku Zafrul
The government has asserted the importance of increasing the debt ceiling to 65 per cent of GDP to have a wiggle room to finance the government's budget deficit in the medium term.
Sat Oct 30 2021
![Most countries face financial problems, fiscal deficits - Mustapa Most countries face financial problems, fiscal deficits - Mustapa](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-04/61618743603_MustapaKotaBharu.jpg)
Most countries face financial problems, fiscal deficits - Mustapa
Most countries, including Malaysia, are facing financial problems and a large budget deficit due to the COVID-19 pandemic.
Sun Apr 18 2021
![Singapore expected to run budget deficit next year, PM says Singapore expected to run budget deficit next year, PM says](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2020-11/51605580459_SINGAPORE.jpg)
Singapore expected to run budget deficit next year, PM says
Singapore is expected to run a budget deficit next year and may not be able to balance its books for a while.
Tue Nov 17 2020
![Australia expected to reveal biggest budget deficit since WW2 due to coronavirus Australia expected to reveal biggest budget deficit since WW2 due to coronavirus](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-07/61594107131_Applestore.jpg)
Australia expected to reveal biggest budget deficit since WW2 due to coronavirus
Australia is expected to report its biggest budget deficit since World War Two on Thursday when Canberra reveals the full economic damage caused by the coronavirus pandemic.
Thu Jul 23 2020
![Italy to approve some 10 billion euros in anti-coronavirus measures - minister Italy to approve some 10 billion euros in anti-coronavirus measures - minister](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2020-02/41582728267_italycovid.jpg)
Italy to approve some 10 billion euros in anti-coronavirus measures - minister
Measures would likely cause the budget deficit to rise to just under 3% of national output this year.
Tue Mar 10 2020
![Saudi to shelve, reform billions of dollars of unfinished projects - sources Saudi to shelve, reform billions of dollars of unfinished projects - sources](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2017-04/81492415863_Riyadhskyline.jpg)
Saudi to shelve, reform billions of dollars of unfinished projects - sources
Riyadh's Bureau of Capital and Operational Spending Rationalization, set up last year to make the government more efficient, is compiling a list of projects that are under 25 percent complete.
Mon Apr 17 2017
![Saudi posts record deficit, cuts fuel subsidies Saudi posts record deficit, cuts fuel subsidies](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-12/81450247714_OILRIG.jpg)
Saudi posts record deficit, cuts fuel subsidies
Riyadh also projected a shortfall of $87 billion in next year's budget, the first since King Salman took over the country in January.
Tue Dec 29 2015
![Putin's surprising new ruble problem threatens Russian coffers Putin's surprising new ruble problem threatens Russian coffers](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2012-12/51356701276_295x200.jpg)
Putin's surprising new ruble problem threatens Russian coffers
In order to reach macroeconomic stability, Russia needs to limit its budget deficit and a weaker ruble is an easy way to do that.
Fri Apr 10 2015
![Oil plunge to cost GCC exporters $300 billion: IMF Oil plunge to cost GCC exporters $300 billion: IMF](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2013-05/71368196671_295x200.jpg)
Oil plunge to cost GCC exporters $300 billion: IMF
The plunge in the oil price is threatening to send many countries into budget deficits.
Wed Jan 21 2015
![Drop in oil revenue has minimal impact on govt finances, says Wahid Omar Drop in oil revenue has minimal impact on govt finances, says Wahid Omar](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2013-05/61368863861_295x200.jpg)
Drop in oil revenue has minimal impact on govt finances, says Wahid Omar
One of the sustainability elements in government finances was to reduce its reliance on oil and gas revenues.
Wed Nov 26 2014
![Malaysias deficit will rise to RM59 billion, predicts Anwar Malaysias deficit will rise to RM59 billion, predicts Anwar](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2013-10/61382942791_295x200.jpg)
Malaysias deficit will rise to RM59 billion, predicts Anwar
Opposition leader Datuk Seri Anwar Ibrahim told the Dewan Rakyat today that the Malaysia's 2014 budget deficit will likely balloon beyond the Finance Minister Datuk Seri Najib Razak's projections.
Mon Oct 28 2013
![Nokia vows to pursue India tax fight Nokia vows to pursue India tax fight](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2013-06/71370098686_295x200.jpg)
Nokia vows to pursue India tax fight
Nokia is the latest multinational to be embroiled in a tax row with Indian authorities, who are chasing alleged tax delinquents to reduce a hefty budget deficit.
Sat Jun 01 2013