Cash Handouts Better Than Pump Priming Through Debt Says Economist


 
An Umno leader recently suggested that the government raise more funds by taking on more debt.PETALING JAYA: Direct cash handouts to the people from the government would be better than taking on more government debt to pump cash into the economy, an economist said today.
Geoffrey Williams of Malaysia University of Science and Technology told FMT that channeling RM15 billion through stimulus projects was inefficient.
He said direct cash handouts funded by short-term, limited money creation would be far better than taking on more debt for stimulus packages.
Another economist, Carmelo Ferlito who is the CEO of the Center for Market Education called for greater expenditure on the healthcare system.
“Instead of relief packages, the money can instead be spent on the healthcare system, further strengthening it. For example, by providing insurance assistance and investing in research for a really effective treatment (for Covid-19),” he said.
Williams and Ferlito had been asked for comment on a proposal by Umno information chief Shahril Hamdan that the government should consider raising the national debt ceiling or issue bonds to raise money for operational expenditure.
He said increasing the government’s debt can bring relief to the people, if done correctly.
However Ferlito said taking on more debt would leave a higher financial burden on future generations through higher taxes and inflation. Higher government spending might help certain sectors to grow artificially, but these sectors would suffer once this support is lost, he said.
He said the solution to the government’s economic problems was to lift the lockdown under the movement control order as soon as possible. Another was to eliminate the root cause of poverty, he said.
Williams said that if MCO restrictions were extended into the Chinese New Year period, the economy would suffer a RM22 billion loss, or RM32.2 billion if extended to Feb 26.
He also said the government’s recently-announced RM15 billion Permai stimulus package was insufficient on its own. However, using Employees Provident Fund withdrawals to push up the stimulus would only deplete private savings.
Ferlito said the effects of government spending were not immediate, and would become evident only when the economic situation turns. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://feedproxy.google.com/~r/MalaysiansMustKnowTheTruth/~3/FxcIR9FXh9Q/cash-handouts-better-than-pump-priming.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Gst Fetched Three Times More Than Sst Says Bank

Gst Fetched Three Times More Than Sst Says Bank

papar berkaitan - pada 22/1/2021 - jumlah : 206 hits
GST contributed an average of RM42 billion a year in 2016 17 says MIDF Amanah Investment Bank KUALA LUMPUR The federal government could reevaluate past implementation of the goods and services tax and reflect on how the consumption tax coul...
Malaysia S Economic Performance Is Far Better Than What Pakatan Harapan Alleges

Malaysia S Economic Performance Is Far Better Than What Pakatan Harapan Alleges

papar berkaitan - pada 31/1/2021 - jumlah : 203 hits
The opposition politicians plus some from Umno are accusing Muhyiddin Yassin of all sorts of things They say Malaysia s economy is in ruins because of bad policies and management But that is not what the financial experts say especially tho...
Attract Better Qi Through Fashion With Oxwhite

Attract Better Qi Through Fashion With Oxwhite

papar berkaitan - pada 21/1/2021 - jumlah : 284 hits
Collaborates with Feng Shui consultant to provide tips on how to benefit from the renewals and regrowths year of the Ox brings Oxwhite a popular Malaysian e commerce lifestyle brand that offers a wide array of products for the modern Asians...
Govt Has Recovered Around Rm15 4bil In Cash Physical Assets Linked To 1mdb Says Tengku Zafrul

Govt Has Recovered Around Rm15 4bil In Cash Physical Assets Linked To 1mdb Says Tengku Zafrul

papar berkaitan - pada 22/1/2021 - jumlah : 197 hits
KUALA LUMPUR The government has recovered around RM15 4bil in cash and physical assets that were linked to 1Malaysia Development Bhd says Tengku Datuk Seri Zafrul Tengku Abdul Aziz The Finance Minister said the government is committed to se...
Rm737 Quarantine Fee Too Much For Employers Says Exco Man

Rm737 Quarantine Fee Too Much For Employers Says Exco Man

papar berkaitan - pada 27/1/2021 - jumlah : 268 hits
Workers who are quarantined after they test positive for Covid 19 are being charged RM737 which has to be borne by their employers GEORGE TOWN A Penang exco man has urged Putrajaya to defer a RM737 quarantine and treatment fee charged or ea...
Airasia Hopes To Resume Most Routes By Year End Says Tony Fernandes

Airasia Hopes To Resume Most Routes By Year End Says Tony Fernandes

papar berkaitan - pada 27/1/2021 - jumlah : 185 hits
AirAsia is in talks with Airbus to defer some of its orders to a later date KUALA LUMPUR AirAsia expects to resume flying to a large part of its routes by the end of this year and hopes to raise RM2 5 billion in capital for the whole group ...
Transport Ministry Will Look Into Grouses Of Taxi Drivers Says Dr Wee

Transport Ministry Will Look Into Grouses Of Taxi Drivers Says Dr Wee

papar berkaitan - pada 27/1/2021 - jumlah : 185 hits
PETALING JAYA The Transport Ministry will look into grouses of taxi drivers who claim they have yet to receive financial aid from the government says Datuk Seri Dr Wee Ka Siong The Transport Minister said he would do his utmost best to help...
Dr M Told Me To Quit A Day After Appointment Says Tommy Thomas

Dr M Told Me To Quit A Day After Appointment Says Tommy Thomas

papar berkaitan - pada 27/1/2021 - jumlah : 237 hits
Former AG Tommy Thomas says he was stunned when Dr Mahathir Mohamad asked him to resign just one day after the King had agreed to his appointment KUALA LUMPUR No sooner had Tommy Thomas been appointed as attorney general in 2018 when he was...
High Court Misconstrued Provision In Societies Act Says Lawyer

High Court Misconstrued Provision In Societies Act Says Lawyer

papar berkaitan - pada 25/1/2021 - jumlah : 193 hits
16 former Umno members contend that RoS decision to give Umno an extension of time to hold its election in 2018 was unconstitutional PUTRAJAYA The High Court misconstrued a provision in the Societies Act 1966 resulting in the failure of 16 ...
Flexibility In Business Operations

Umno Youth To Protest Extra Hours For Civil Servants Working Shifts

The Difference In The Concept Of Illicit Relationship Between Muslims And Non Muslims

Pensyarah Didakwa Hina Nabi Jawi Turut Buka Siasatan

Biodata Hael Husaini 2 Kali Juara Ajl Dan Perjalanan Dalam Industri Seni

Pas Langkaui Retorik Dap Isytihar Pas Muuh Utama

Murid Buktikan Pada Guru Lembu Makan Martabak

Abang Adik Wins Best Film Award In Los Angeles


echo '';
Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3

Biodata Terkini Reshmonu Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Hey Waley

Gegar Vaganza 2024 GV 11 Hadiah Tiket Peserta Juri Format Pemarkahan Dan Segala Info Tonton Live Di Astro Ria Dan Sooka

6 Janji Donald Trump Kalau Dia Naik Jadi Presiden Semula


Beg Sekolah Anak Kena Gunting Ibu Pesan Tanya Kelakuan Anak Dekat Sekolah Masa Perjumpaan Ibubapa

Football Online Sports Gambling 1xbet 1xbet Globa

Mesyuarat Mpsm Kulai Bil 3 2024

7 Keistimewaan Hari Arafah Hari Yang Dinantikan Jutaan Umat Islam

Generasi Milenial Dan Gen Z Dukung Nkri Nomor Urut 2 Simbol Harapan Baru Kalimantan Barat

Kempen Hartanah Bumiputera Matrix Miliki Rumah Selesa Cipta Kenangan Indah Bersama Keluarga