MALAYSIAN BUDGET
Big Deficit Expected
(N.Z.P.A.-Reuter —Copyright) KUALA LUMPUR, Nov. 18. The Malaysian Government can be expected to budget for a big deficit next year, the British-owned “Straits Times” said today. The country is presently involved in heavy defence spending. The “Straits Times” said it believed the budget, to be presented to the Federal Parliament on December 25, provided for ordinary expenditure of 1259 million dollars. This is 136 million dollars more than the sum originally budgeted for spending this year.
The estimated deficit for ordinary spending this year is 61 million dollars. The “Straits Times” said defence spending was expected to go from 158.3 million dollars this year, to 207.6 million in 1965.
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Press, Volume CIII, Issue 30602, 19 November 1964, Page 17
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114MALAYSIAN BUDGET Press, Volume CIII, Issue 30602, 19 November 1964, Page 17
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