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MARKET BUZZ Malaysia Election May Happen In 2018 Helping Curb Spending-Nomura

Malaysia’s​ ​ next​ ​ general​ ​ election​ ​ may​ ​ happen​ ​ only​ ​ next​ ​ year,<br>helping​ ​ government​ ​ meet​ ​ its​ ​ 2017​ ​ fiscal​ ​ deficit​ ​ target​ ​ of​ ​ 3%​ ​ of​ ​ GDP​ ​ by​ ​ curbing​ ​ expenditure<br>in​ ​ 2H,​ ​ Nomura​ ​ says​ ​ in​ ​ note​ ​ to​ ​ investors.

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MARKET BUZZ Malaysia Election May Happen In 2018 Helping Curb Spending-Nomura

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  1. KUALA​​LUMPUR​​(Aug​​16)​​--​​Malaysia’s​​next​​general​​election​​may​​happen​​only​​next​​year, helping​​government​​meet​​its​​2017​​fiscal​​deficit​​target​​of​​3%​​of​​GDP​​by​​curbing​​expenditure in​​2H,​​Nomura​​says​​in​​note​​to​​investors.​​“We​​now​​see​​a​​delay​​in​​the​​next​​general​​election​​to next​​year​​(it​​must​​be​​held​​by​​August​​2018)​​versus​​our​​previous​​baseline​​of​​between September​​and​​October​​this​​year,​​which​​would​​alleviate​​election-related​​spending pressures,”​​house​​says;​​continues​​to​​expect​​Malaysia​​to​​meet​​its​​2017​​fiscal​​deficit​​aim which​​will​​require​​government​​to​​run​​much​​smaller​​deficit​​of​​0.9%​​in​​2H.​​GDP​​growth​​at 5.3%​​this​​year​​that​​will​​exceed​​budget​​assumption​​of​​4%-5%​​to​​support​​individual​​income tax,​​GST​​collections,​​it​​adds. -​​By​​Kuala​​Lumpur​​Newsroom;​​kleditorial@NikkeiNewsRise.com;​​+60320267363 -​​Edited​​by​​Mrigank​​Dhaniwala -​​Send​​Feedback​​to​​feedback@nikkeinewsrise.com -​​Copyright​​(c)​​2017​​Nikkei​​NewsRise​​Asia​​Pte​​Ltd. -​​Read​​More:​​http://www.nikkeinewsrise.com/ Article​​posted​​under​​​Malaysia​​Bursa​​News​​​by​​​NikkeiMarkets

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