Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
Budget Deficit Target To Remain Intact - RHB Research
Last update: 30/06/2017

KUALA LUMPUR, June 30 (Bernama) -- The government is still on track to achieve its budget deficit target of three per cent of gross domestic product in 2017 (-3.1 per cent in 2016), said †RHB Research Institute Sdn Bhd†.

In an economic update today, RHB Research said, the government would therefore not have to cut its expenditure akin to what had happened in the fourth quarter of 2016, which posed a drag to the overall economic growth.

RHB Research said that with the assumption that if oil prices would to continue to stay low and average at about US$40 per barrel for the second half of 2017 forecast (compared with an average of US$52.80 per barrel for the first half) prices for the full year would still be averaging at around US$46.40 per barrel.

"This is still marginally higher than the Ministry of Finance\'s assumption of US$45 per barrel for oil prices for the year. This suggests†that there is no need for the government to make any revisions to its Budget 2017 budget as it did previously when oil prices fell sharply.

"In any case, even if there is a revision, we believe it would likely be done in the forthcoming on Oct 27 rather than now," it said.†

-- BERNAMA

 <Back>

AmInvestment Bank Wins 'Best Sukuk House Of The Year 2017' Award At 7th GIFA
Find Ways To Boost Cross-Border Transactions Of Islamic Finance Services - BNM Governor

 
Maybank Islamic Looks To Expand Shariah Banking To ASEAN

Takaful IKHLAS Chieftain Bags Best CEO 2017 Award
Pixelated Inks MoUs With Four Companies To Boost Adoption Of UBI

 
Tokio Marine Life Launches Online Service To Check Unclaimed Monies

WEDNESDAY, SEPT 20, 2017
US 4.1910/1940
S'pore 3.1095/1127
100 Yen 3.7564/7601
Sterling 5.6625/6669
Euro 5.0254/0303
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
  Main | News | Insurance

© 2017 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution