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Nikkei Markets

Malaysia adviser Zeti aims spending cuts to manage finances

Former central bank governor hopes for ratings upgrade on improved fiscal health

Malaysia's adviser Zeti Akhtar Aziz says the country has the potential to raise its credit worthiness if it improves the fiscal health.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia's new government aims to curb wasteful public spending as it seeks to reset the economy to adjust to some populist pre-poll pledges, which if implemented, won't strain the fiscal health, adviser Zeti Akhtar Aziz said Tuesday.

"We are working not only on the revenue side but also on the expenditure side, so that we will be reprioritizing projects in an effort to increase efficiency by reducing the wastage of the public sector," Zeti told reporters. "All these will improve the fiscal position."

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