Finance Minister Tengku Zafrul Tengku Abdul Aziz says with efficient execution of the stimulus packages, the government is expecting a contribution to GDP of 2.8% from Prihatin and 0.6% from Penjana.
He said the total debt to gross domestic product currently stands at 52%, which is still below the statutory limit of 55%.“If Malaysia needs to raise the statutory limit of debt to GDP ratio of 55%, given the unprecedented and challenging times, it has be on a temporary basis, with a focus on lowering it back in the near future .., three years should be ideal,” he told Bernama.
With efficient execution of the stimulus packages, he said the government was expecting a contribution to GDP of 2.8% from Prihatin and 0.6% from Penjana. Meanwhile, for the medium and long term, Tengku Zafrul acknowledged that the internet access and digital services would continue to be the key focus for the government to address.
Local borrowing? Macai macai umnopas kata kerajaan ada duit kenapa pulak borrows?
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