PUTRAJAYA, May 17 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz today gave assurance that Malaysia is on track to meet the economic growth target of between 5.3 and 6.3 per cent this year while calling talk of a global recession “premature and unwarranted”.
He noted that Malaysia would see further growth momentum in the second quarter after recording a strong first-quarter gross domestic product growth of 5.0 per cent. “This is why we intend to gradually reduce the fiscal deficit from 6.4 per cent in 2021 to 6.0 per cent in 2022 and also rationalise the subsidies to be more targeted,” he added.
He added that Malaysia had ample liquidity to finance the government’s and private sector’s borrowing needs.“We have held engagement sessions with stakeholders and would bring to the Cabinet in the near future,” he said, adding that the current blanket subsidies benefitted everyone, including the wealthy.
Misleading
I don’t believe anything you say
It is the same guy who came up with this policy. No need to go far as the global economy. What about the local economy? Has the Govt created an environment and policies to allow local players to compete and profit without a backdoor grab of equity?
He likes to be caught with his pants down 🤣?
Want to bet?
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Asian stocks retreat on fears of recession from Covid damage | Malay MailHONG KONG, May 16 — Asian equities retreated today following last week’s temporary rally on Wall Street due to fears of surging inflation and supply chain woes inflicted by Beijing’s punishing zero-Covid policy. World markets have been volatile for much of 2022, fuelled by uncertainty over...
출처: malaymail - 🏆 1. / 86 더 많은 것을 읽으십시오 »
US Supreme Court backs Ted Cruz in campaign finance dispute | Malay MailWASHINGTON, May 16 —The US Supreme Court today further undermined campaign finance restrictions and handed a victory to Senator Ted Cruz, striking down as a free speech violation part of a bipartisan 2002 law challenged by the Texas Republican that federal officials had called an anti-corruption...
출처: malaymail - 🏆 1. / 86 더 많은 것을 읽으십시오 »
Economists sound the alarm over UK’s post-Brexit finance plans | Malay MailLONDON, May 16 — More than 50 economists warned today that Britain’s post-Brexit plans to boost the competitiveness of its huge finance industry risked creating the kind of problems that led to the global financial crisis. The government, seeking to use its “Brexit freedoms”, announced this...
출처: malaymail - 🏆 1. / 86 더 많은 것을 읽으십시오 »
Yields slip, global stocks struggle as economic fears grow | Malay MailNEW YORK, May 17 ― US stocks closed mixed yesterday as downbeat Chinese and New York state data kindled recession fears, but the 10-year Treasury note's yield staying firmly under 3 per cent spurred hopes the Federal Reserve will prudently hike interest rate hikes. Chinese retail and factory...
출처: malaymail - 🏆 1. / 86 더 많은 것을 읽으십시오 »