KUALA LUMPUR, Nov 2 — The Barisan Nasional (BN) administration’s previous deficit figures and projections were inaccurate as they excluded off-the-books liabilities, said Finance Minister Lim Guan Eng today.

Lim, in unveiling Pakatan Harapan’s first federal Budget since taking power in May, said deficit projections from now on will take into account all debts and liabilities.

As such, the estimated fiscal deficit for this year is 3.7 per cent instead of the previously targeted 2.8 per cent, Lim said.