PETALING JAYA: Finance Minister Lim Guan Eng is tabling Budget 2019 in Parliament, the first federal budget by the Pakatan Harapan government. These are the highlights, and we will continue to update this story:

In his opening remarks, Lim said the government’s real debt and liability as at June 2018 was at RM1,065bil, RM350bil higher than the amount by the previous Government.

KUALA LUMPUR (Bloomberg): Less than six months in office, Malaysian Prime Minister Tun Dr Mahathir Mohamad is staring down a possible credit rating downgrade in his government’s first budget.

Economists and market watchers are bracing for bigger deficit targets, higher debt and slower economic growth when Finance Minister Lim Guan Eng delivers his budget speech on Friday (Nov 2).