KUALA LUMPUR, Feb 3 — The World Bank’s lead economist Apurja Sanghi today said that Malaysia is late in enacting a Fiscal Responsibility Act (FRA) to manage its debts and deficits.

Having an FRA in place would help rebuild the country’s fiscal buffers, he told reporters here at a press conference of the World Bank’s Malaysia Economic Monitor February 2023 Edition “Expanding Malaysia's Digital Frontier”.

“The FRA is important because given the concerning fiscal situation, Malaysia needs a critical set of rules to manage debt and deficits in the form of a well-designed and -implemented FRA,” he said.

https://www.malaymail.com/news/malaysia/2023/02/03/malaysia-overdue-for-law-on-fiscal-responsibility-to-manage-debt-and-deficit-says-world-bank-economist/53231