Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the government expects to record a GDP growth of at least 5% in the first half of this year while growth in the whole year should range at around 5%-6%.
"It should be better (than last year) for the first half of the year. The key strength of the economy is now government support and private consumption - private investment and public expenditure," he said on Tuesday.
"I believe we can achieve 5% (first half) unless there is something very extraordinary that takes place in the global economy - but that we cannot say (predict)," he added.
On inflationary figures, the minister said these figures "have not been going up that much" noting that any future action on subsidy rationalisation such as petrol and electricity will be studied very carefully.
On the country's current deficits, Husni expected it to be kept at about 4% this year and subsequently reduced to 3.5% in the year thereafter.
He noted that the government will take a “wholesome” view on the deficit outlook.