PUTRAJAYA: Malaysian Prime Minister Anwar Ibrahim on Wednesday (Feb 8) warned that the country cannot continue with a high budget deficit. In a press conference after a Cabinet meeting, Mr Anwar said that the government is seeking to reduce its debts without affecting its development programmes.
PUTRAJAYA: Malaysian Prime Minister Anwar Ibrahim on Wednesday warned that the country cannot continue with a high budget deficit.
Mr Anwar said the figure also suggests that the country’s budget deficit will widen further than the earlier estimate of 5.8 per cent of the GDP for 2022. And just last year, then finance minister Tengku Zafrul Abdul Aziz said that the country’s debt stood at RM1.045 trillion at the end of June 2022. This corresponds with 63.8 per cent of Malaysia’s GDP then.ECONOMIC CHALLENGES CONSIDERED WHEN TABLING 2023 BUDGET
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anwar’s govt finds irregularities by past administration in Malaysia’s Covid-19 vaccine procurementIt is unclear if the former health minister Anwar referred to was Dr Adham Baba or Khairy Jamaluddin. Read more at straitstimes.com.
Read more »
In historic return to UMNO headquarters, Anwar says Malaysia unity government will face upcoming state polls togetherKUALA LUMPUR: With six state polls set to be held in the coming months, Malaysian Prime Minister Anwar Ibrahim announced on Tuesday (Feb 7) that all parties in the unity government will be working together to face the polls. Following his historic return to the UMNO headquarters to chair the unity go
Read more »
Myanmar refugees in Malaysia struggle to get a place in school, find limited opportunitiesThousands of Myanmar students have fled to neighbouring countries to pursue their studies since the military coup ended the nation’s short-lived democracy.
Read more »
Lorry driver in Malaysia detained for allegedly posting TikTok video defaming traffic policeThe driver, who was unhappy after being issued a summons, uploaded the video to TikTok. Read more at straitstimes.com.
Read more »
Malaysia’s unity gov’t forms 3 committees including on state polls to ensure consensusThe committee on state polls will ensure all parties in the unity gov't work as one team in 6 state elections: Anwar Read more at straitstimes.com.
Read more »
Unpredictable weather in Malaysia causing vegetable shortage, price woesPrices of some vegetables are said to have increased by 'between 40% and more than 100%'. Read more at straitstimes.com.
Read more »