KUALA LUMPUR (Oct 9): Pre-election spending pressures could limit Malaysia’s fiscal consolidation even as the government could afford the additional measures, Moody’s Ratings said on Friday.

“Malaysia’s relatively narrow revenue base, elevated debt burden, rising debt-servicing costs and development spending commitments under the 13th Malaysia Plan will constrain fiscal flexibility,” Arjun Khaitan, a senior analyst at Moody’s, said in a statement following the tabling of Budget 2027.

More to come.