New stream of money inflow for Malaysian Govt

AllianceDBS Research chief economist Manokaran Mottain, who does not expect a rate cut this year, told StarBiz any move in that direction would depend on the economy

PETALING JAYA: The government, which had previously identified at least RM10bil worth of spending cuts, plans to further strengthen its cashflow by monetising some of its non-strategic assets and gradually issuing new sovereign debts.

In a statement issued yesterday, Finance Minister Lim Guan Eng said these measures are expected to address the country’s short-term financing needs, without adversely impacting economic growth.