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Fitch Solutions sees Malaysia to record wider fiscal deficit in 2022

KUALA LUMPUR, June 24 (Xinhua) — Fitch Solutions has on Friday revised its fiscal deficit forecast for Malaysia this year to 6.5 percent of gross domestic product (GDP), from 6.3 percent previously.

The research house said in a note that the slight downward revision reflected a net negative balance between two opposing forces affecting the fiscal situation in Malaysia — higher petroleum-related revenues amid s