Former Malaysian PM Najib says higher fiscal deficit not due to 1MDB

Najib Razak arrives at court in Kuala Lumpur on Aug. 8. Photographer: Samsul Said/Bloomberg

Former Malaysian prime minister Najib Razak said the wider fiscal deficit projected in the country’s Budget 2019 was mainly on account of the removal of the Goods and Services Tax (GST) and not due to the scandal-ridden 1Malaysia Development Bhd (1MDB).

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