Home > News > Nation
Friday March 29, 2013 MYT 12:00:00 AM
Wednesday April 24, 2013 MYT 2:13:26 PM
by zuhrin azam ahmad
PUTRAJAYA: The opposition's manifesto, if implemented, will increase the government's fiscal deficit from 4% to 11.5% within a year and burden the government with debt, said Finance Minister II Datuk Seri Husni Hanadzlah.
Husni said the manifesto would also lead to a larger debt of up to 62.1% to the GDP.
"The manifesto would cause the country's rating to fall and lead to fewer foreign investments. It is based on fantasy without consideration of the actual economic situation," he told reporters on Friday.
"We will have to grapple with a more serious current account deficit as our revenue is insufficient to finance the government's operations expenditure.
"This means the government has to borrow money to pay civil servants' salary, their pension and subsidies. Borrowing more money will lead the government to a more serious financial and economic crises as being experienced by several European Union (EU) member countries," he said.
Tags / Keywords:
Nation, News, husni hanadzlah, opposition manifesto, GE13, Government, Politics
Ahmad Husni: 1MDB financial woes will be resolved by year end
RMAF officer sacked from service for GE13 indelible ink comments
Ahmad Husni: Right time for 1MDB to review its business
Kit Siang: Uncertain if Pakatan will survive to contest GE14
Najib: FT Umno internal politicking cause of its poor GE13 show
DPM: Barisan helps all races
Dad-to-be killed at bank
Too poor to retire
Make a date with Robbie Williams on Sept 27
Woman trying to find a home for her family soon after losing dad, brother in house fire
Around the world on two wheels
Kuala Sepetang opens up angling opportunities for fishos in the west coast
Messi's 400th goal lifts Barca, win for Real
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)