JOHOR BAHARU -- The government will continue its efforts to reduce the country's fiscal deficit and ensure its current account surplus is strong, said Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar.
These moves, he said would ensure that the country will not experience what is called twin deficit, referring to fiscal deficit and deficit in the current account.
According to him, the country's trade surplus currently is still strong although there was reduction in exports and increase in imports, while the fiscal deficit was projected at four per cent this year and three per cent by 2015.
"With the efforts taken and to be taken by the government, I don't feel we will experience twin deficit (fiscal and current account)," he said to reporters after attending "The Future of Urban Living" conference in Nusajaya today.
The conference was organised by Singapore Eisenhower Fellowship Society and Eisenhower Fellows Association Malaysia.
He said this when commenting on the concern voiced out by international credit rating agency on the twin deficit threat to Malaysia's economy. -- Bernama
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