The Government recorded a smaller-than-expected budget deficit of 7.0% GDP or RM47.4bn in 2009, compared with -7.4% of GDP or RM51.1bn estimated in October 2009, as both operating and development expenditure came in lower than the previous estimates. The operating expenditure fell short of the estimate by 1.9%, while the
development expenditure fell short of the estimate by 7.6%, indicating that the Government might have deliberately controlled its expenditure in order to contain its budget deficit.
Economic Highlights - More Leeway For Government Spending Without Worsening Its Budget Deficit - 5/5/2010
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