Positive effects from debt-reduction measures

Socio-Economic Research Centre executive director Lee Heng Guie.

PETALING JAYA: A reduction in the national debt from various measures, including the fuel subsidy rationalisation, could see various effects on the economy in the longer term.

But any gains accrued to the national coffers from such savings should be prudently managed to avoid repeating history and going into the same cycle of debt for expenditures.