Support for Pakatan to postpone pledges to maintain fiscal deficit


  • Economy
  • Monday, 04 Jun 2018

Tan Sri Ramon Navaratnam:

PETALING JAYA: Finance Minister Lim Guan Eng’s action to postpone the five pledges of Pakatan Harapan should be applauded as it seeks to maintain the fiscal deficit of 2.8%, says Tan Sri Ramon Navaratnam. 

The five pledges include petrol subsidies for cars under 1,300cc and motorcycles under 125cc, higher minimum wage, delayed student loan repayments, national expansion of Selangor’s Skim Pedulu Sihat, and Employees Provident Fund contributions for housewives.
 
The chairman of the Asli centre of public policy studies said. “The debt management will improve considerably with the postponement of the five pledges. 
 
“The estimated RM1 trillion will now be made more manageable by international financial standards of World Bank and IMF criteria.” 
 
Moreover, Ramon said Pakatan Harapan inclining towards the transparency on the country’s budget is highly credible as the public is fully informed in a timely manner without long days compared to the previous government. 
 
“I hope they will continue to adopt higher standards of transparency and pragmatism on the serious debt management as well as the operating and development expenditures of the country.
 
“The public has also welcomed the transparency in the budget changes made by Guan Eng on the net overall budget impact to have a positive balance of RM300mil,” he added.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

   

Did you find this article insightful?

Yes
No

Next In Business News

UOB Kay Hian Research keeps buy call on Top Glove, lower TP RM7.60
AMMB posts net profit of RM262.8m in 3Q, RM1.09b in 9M
John Holland Gamuda JV shortlisted for airport metro
Lim Hock San appointed executive chairman of LBS Bina Group
KAB resolves dispute with ICEE International
KLCI back in the red, gloves extend declines
Invest Energy plans RM2.2b investment with European ESG fund
Malaysia's manufacturing PMI falls in February
Ringgit lower amid risk-off sentiment in crude oil market
Trading in AMMB suspended Monday and Tuesday

Stories You'll Enjoy


Vouchers