Malaysia's statutory debt within acceptable limits, says Finance Minister

He said the government is planning to table a motion to lift the statutory debt ceiling in the next parliamentary session.

"With limited fiscal space, the government has no choice but to optimise existing financial resources through expenditure rationalisation, sourcing additional revenue from the government’s ecosystem, including the utilisation of National Trust Fund as well increasing the ceiling for the Covid-19 Fund ,” he said during the ministerial briefing at the Dewan Rakyat on Thursday .

He added that the government was ready to ease the debt restriction rules to support the economic recovery plan taking into account the country's ability to manage its debt.The government, he said, had introduced introduced eight stimulus packages since the start of the Covid-19 pandemic totalling RM530bil, inclusive of a fiscal injection of around RM83bil.The next Dewan Rakyat sitting is scheduled for Sept 6 to 30.

Pls resign gracefully

1 trillion

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia's economic fundamentals are still strong, says finance ministerThese fundamentals are supported by a stable capital market, liquidity and capital buffer, explains Tengku Zafrul. syok sendiri fundamentalism. And ....... moral of the story pls Can we see some charts?
Source: malaysiakini - 🏆 20. / 51 Read more »

i-Citra EPF withdrawals to be paid out from August 3, says finance minister | Malay MailKUALA LUMPUR, July 29 — Applicants of the i-Citra withdrawal scheme under the Employees Provident Fund (EPF) will receive their payments starting next Tuesday, Minister of Finance Datuk Seri Tengku Zafrul Abdul Aziz announced today. “God willing, the first payment for i-Citra will be credited...
Source: malaymail - 🏆 1. / 86 Read more »