Budget 2016: Don’t worry, Malaysia not bankrupt, says Najib

  • Nation
  • Friday, 23 Oct 2015

KUALA LUMPUR: The people can continue to have faith in the Barisan Nasional-led Government based on its proven track records in managing the country in any given situation, said Datuk Seri Najib Tun Razak. 

Despite the daunting challenges of the uncertain global economic situation, the Prime Minister said, Malaysia, in reality, was not a failed or bankrupt nation, but one which was stable with strong economic fundamentals and had remained competitive. 

"To the people, do not be worried. Have faith. This is a Government which you can rely on, for your future and the future of your future generations. 

"In whatever situation, my fellow colleagues and I will continue the nation's economic plans, prioritising and giving importance to the wellbeing of the people," he said when tabling the Budget 2016 at the Dewan Rakyat here Friday. 

In his speech, which lasted about 90 minutes, Najib said even before the presentation of the budget, there had been debates in various media regarding the Malaysian economy, alleging that the country was on the verge of bankruptcy, that the economy was in a crisis, and the ringgit had depreciated sharply, due to the perception of ineffective financial governance and non-prudent government spending.

"We regret, in fact, truly regret, the irresponsible actions of our enemies, domestic and foreign, who are trying to tarnish our country's image.

"For us ... their actions will only cause disharmony to the extent of destroying what we have today," he said.

Najib said as a human being, he had his merits and flaws, but as a leader, he would not stop in his efforts to ensure success for Malaysia.

"A fighter will definitely face a lot of challenges and obstacles. However ... come what may, we will not give up.

"Together with Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi ... the members of the administration and Barisan Nasional leadership ... one heart one soul ... we will stay strong to continue fighting for the noble cause," he said.

In the speech which was broadcast live on national TV channels, the Prime Minister also expressed gratitude to Allah that the Government had remained steadfast and had the political will to implement the Goods and Services Tax (GST), although the decision was faced with various challenges and was unpopular. 

He said those who used to vehemently oppose GST implementation had now accepted it and even included it in their Budget document. 

"This clearly indicates the changing and inconsistent stand of the Opposition. 

"As a responsible Government, however, we will continue to make the right decisions, though not popular, in the best interest of the people and the nation," said Najib.  - BERNAMA

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