S&P: Extra RM10b spending won’t affect book balancing

THE Government’s efforts to balance its books will not likely be derailed by the additional RM10bil in development spending planned for the 8th Malaysia Plan, said Standard & Poor's (S&P) director of sovereign and international public finance ratings, Chew Ping. 

He said the expenditure, which is intended to speed up work on high priority areas over the next 18 months, would also not affect the rating agency’s view of Malaysia’s sovereign credit ratings and its outlook for the country, which remains “stable.”