Malaysias Debt still manageable

July 25, 2012

Malaysia's Debt during 53.8 percent of GDP still manageable, says PERMANDU's "Chief Economist"

Malaysia's debt is still docile as it is next 55 percent to the Gross Domestic Product (GDP) ratio, pronounced Minister in the Prime Minister's Department Idris Jala.

He pronounced the 53.8 percent of inhabitant debt for final year is inside of the operation as the supervision continues the efforts to move down the mercantile necessity level.

"With the implementation of the Economic Transformation Programme, you have been upon the right trajectory as well as go upon to revoke the necessity level each year. For 2012, you aim to slight serve the mercantile necessity to 4.7 percent from 5.0 percent of final year's GDP," he told the media upon the sidelines of the GTP Roadmap 2.0 Open Day in Kuala Lumpur today.

Citing the Mass Rapid Transit project, Idris pronounced yet the supervision had to lift supports for the project, it still managed to keep the debt level next 55 percent.

"We steal for investments (aiming) to grow the GDP as well as economy. The debt level will without delay reduce. Unlike Greece, they have been borrowing the lot of money though the manage to buy is shrinking," he added.

Idris, who is additionally the Chief Executive Officer of the Performance Management as well as Delivery Unit (Pemandu), pronounced Malaysia's GDP during 4.7 percent in the first entertain was still growing, whereas Singapore's usually grew during 1.4 percent, due to the slack in the global economy.

"This is good with more investments entrance in as well as positive indicators, going forward," he added.

The GTP Roadmap 2.0 Open Day during the Kuala Lumpur Convention ! Centre a ims to accumulate feedback from the open as well as yield the basement for examination for Pemandu.

The GTP Roadmap 2.0 was formulated after Pemandu conducted the array of labs, hold over 6 weeks in Apr as well as May, to brand pass issues as well as new areas of growth opportunities, which would work upon inside of the National Key Results Areas.

- Bernama (07-24-12)

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