Finance minister: Moody’s affirmation testament to govt’s strong fiscal discipline, growth prospects | Malay Mail

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Finance minister: Moody’s affirmation testament to govt’s strong fiscal discipline, growth prospects

Thursday, 28 Jan 2021 06:47 PM MYT

The government remains committed towards medium-term consolidation, as well as ensuring fiscal sustainability in the country. Malaysia’s credit standing remains strong, supported by resilient external position and a well-developed domestic bond market. Moody’s notably highlighted the credibility and effectiveness of the country’s institutional framework, particularly in the implementation of macroeconomic policies. This is evidenced by the structured and systematic policy measures’ implementation by 53 ministries and agencies since March 2020.

Apart from managing Covid-19, which has enabled Malaysia to achieve a case-fatality ratio of less than 0.4 per cent, or within the lowest 5.0 per cent globally, economic recovery will also be driven by the country’s Covid-19 national vaccination programme. Additionally, the 12th Malaysian Plan will provide a blueprint for sustainable growth, aimed at strengthening socio-economic inclusively, and better environmental sustainability.

 

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It’s all the real answers!!! You don’t need those PHD damages brain 🧠 to be the idiots!!!

And businesses are flourishing.

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