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Malaysia in transition

Malaysia to review and renegotiate projects to slash debt

Aggressive measures aimed to achieve 2.8% deficit-to-GDP target

KUALA LUMPUR -- Malaysia will review, defer or renegotiate a number of projects totaling at least 10 billion ringgit ($2.5 billion) through the end of the year to meet the fiscal deficit target of 2.8%, a government minister said on Thursday. 

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