Finance Minister Tengku Zafrul Tengku Abdul Aziz says with efficient execution of the stimulus packages, the government is expecting a contribution to GDP of 2.8% from Prihatin and 0.6% from Penjana.
He said the total debt to gross domestic product currently stands at 52%, which is still below the statutory limit of 55%.“If Malaysia needs to raise the statutory limit of debt to GDP ratio of 55%, given the unprecedented and challenging times, it has be on a temporary basis, with a focus on lowering it back in the near future .., three years should be ideal,” he told Bernama.
With efficient execution of the stimulus packages, he said the government was expecting a contribution to GDP of 2.8% from Prihatin and 0.6% from Penjana. Meanwhile, for the medium and long term, Tengku Zafrul acknowledged that the internet access and digital services would continue to be the key focus for the government to address.
Local borrowing? Macai macai umnopas kata kerajaan ada duit kenapa pulak borrows?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia has sufficient liquidity in the market to execute Prihatin, Penjana initiatives, says Tengku Zafrul | Malay MailKUALA LUMPUR, June 11 — The government has not used foreign borrowings to fund the execution of the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the National Economic Recovery Plan (Penjana). Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said instead, it has been using local... But not discussed in parliament? 'Selling assets' is more like it Anything coming out from this guy's mouth should never be taken seriously.
Source: malaymail - 🏆 1. / 86 Read more »
Malaysia has sufficient liquidity in the market to execute initiatives: Tengku ZafrulKUALA LUMPUR: The government has not used foreign borrowings to fund the execution of the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the...
Source: theSundaily - 🏆 25. / 51 Read more »
Malaysia has sufficient liquidity in the market to execute Prihatin, Penjana initiatives, says Tengku Zafrul | Malay MailKUALA LUMPUR, June 11 — The government has not used foreign borrowings to fund the execution of the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the National Economic Recovery Plan (Penjana). Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said instead, it has been using local... But not discussed in parliament? 'Selling assets' is more like it Anything coming out from this guy's mouth should never be taken seriously.
Source: malaymail - 🏆 1. / 86 Read more »
Malaysia has sufficient liquidity in the market to execute initiatives: Tengku ZafrulKUALA LUMPUR: The government has not used foreign borrowings to fund the execution of the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the...
Source: theSundaily - 🏆 25. / 51 Read more »