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Fitch expects constrained govt spending despite increased debt limit

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The research firm also says that M'sia has one of the highest debt limit in emerging Asia.

Business research firm Fitch Solutions has forecasted that Malaysia will have constrained fiscal spending over the next two years despite the Dewan Rakyat passing legislation on Aug 24 to raise the government debt limit from 55 percent to 60 percent of the GDP.

“Despite a raised government debt limit of 60 percent of GDP, we still see constrained fiscal spending over the coming quarters due to an elevated government debt load following stimulus spending to support the economy against Covid-19 headwinds,” the firm said in its latest report.

 

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