Inflation Could Reach 11 Without Subsidies Says Tengku Zafrul


 
Tengku Zafrul Aziz says giving subsidies to everyone across the board, while unsustainable, is necessary for short-term economic recovery.PETALING JAYA: The level of inflation in Malaysia could reach “around 11%” if the government did not subsidise essential goods like fuel, says finance minister Tengku Zafrul Aziz.
He said Putrajaya had Malaysia’s inflation under control when compared to its regional and international counterparts.
“(Malaysia’s) inflation is forecasted to be between 2.2% and 3.2%. In fact, for the first six months of the year, inflation was around 2.5%, and that’s largely due to the large size of subsidies that we have introduced,” he said in an interview with CNN yesterday.
Tengku Zafrul said the government still had fiscal room, citing how the nation’s statutory debt stood at 60% of the gross domestic product (GDP) currently.
-ADVERTISEMENT-Ads by 
Tengku Zafrul Aziz.He also pointed out that Parliament had imposed a debt ceiling of 65% in October last year, so there was still fiscal space while the government maintained its targeted budget deficit of 6%.
“If we didn’t implement these subsidies, our statistics department said our inflation could be around 11%,” he said.
However, Tengku Zafrul reiterated that the current policy of giving subsidies to everyone across the board was unsustainable, though necessary for short-term economic recovery.
He said the government was also staying cautious with monetary policy also being tightened.
Uzir Mahidin.According to the statistics department, Malaysia’s inflation, as measured by the consumer price index (CPI), increased by 3.4% in June from a year earlier, driven by rising food prices.
Chief Statistician Uzir Mahidin said the food index increased 6.1% and remained the main contributor to the rise in inflation that month.
In July, the monetary policy committee of Bank Negara Malaysia announced that it raised the overnight policy rate (OPR) basis points to 2.25%, amid rising food and energy prices.
Analysts believe the central bank will further normalise its policy rate going forward and gradually raise the OPR to 3% by next year. - FMT


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

http://malaysiansmustknowthetruth.blogspot.com/2022/08/inflation-could-reach-11-without.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
It S Still Oct 28 Says Tengku Zafrul On Claims Budget 2023 Will Be Brought Forward

It S Still Oct 28 Says Tengku Zafrul On Claims Budget 2023 Will Be Brought Forward

papar berkaitan - pada 8/8/2022 - jumlah : 302 hits
The Finance Minister has dismissed rumours that the tabling of Budget 2023 would be brought forward Tengku Datuk Seri Zafrul Abdul Aziz said Budget 2023 will be tabled according to the Parliament s calendar on Oct 28 It s just mere rumours ...
Tengku Zafrul S Bn Switch Shows Pn Reps Losing Faith Says Umno Man

Tengku Zafrul S Bn Switch Shows Pn Reps Losing Faith Says Umno Man

papar berkaitan - pada 4/8/2022 - jumlah : 264 hits
Finance minister Tengku Zafrul Aziz was appointed Selangor BN treasurer on Sunday PETALING JAYA The move by finance minister Tengku Zafrul Aziz to join Barisan Nasional despite being appointed to his Cabinet post by Perikatan Nasional chief...
Perlantikan Tengku Zafrul Jadikan Kluster Menteri Akhirnya Diiktiraf Oleh Kluster Pwtc

Perlantikan Tengku Zafrul Jadikan Kluster Menteri Akhirnya Diiktiraf Oleh Kluster Pwtc

papar berkaitan - pada 2/8/2022 - jumlah : 198 hits
Pelbagai tafsiran telah kedengaran berikutan keputusan melantik Menteri Kewangan Tengku Zafrul Tengku Abdul Aziz sebagai Bendahari BN Selangor yang baru Walaupun Tengku Zafrul dijadikan menteri oleh Mahiaddin Md Yasin ketika eranya sebagai ...
Menonjolkan Tengku Zafrul Mesti Diiringi Kesediaan Pemimpin Lama Berundur Pergi

Menonjolkan Tengku Zafrul Mesti Diiringi Kesediaan Pemimpin Lama Berundur Pergi

papar berkaitan - pada 3/8/2022 - jumlah : 230 hits
Daripada sudut yang lain keputusan BN Selangor melantik Menteri Kewangan Tengku Zafrul Tengku Abdul Aziz sebagai Bendahari yang baru adalah cerminan bahawa tokoh muda profesional dan berketrampilan dilihat amat perlu untuk diketengahkan bag...
Bersatu Will Remain Strong Even Without Muhyiddin Says Party Leader

Bersatu Will Remain Strong Even Without Muhyiddin Says Party Leader

papar berkaitan - pada 6/8/2022 - jumlah : 318 hits
Muhyiddin Yassin recently announced that he was prepared to retire after the next general election PETALING JAYA A Bersatu Supreme Council member has rubbished the idea that the party would be in a difficult position if its president Muhyid...
Targeted Subsidies Will Save Rm20 Billion Says Muhyiddin

Targeted Subsidies Will Save Rm20 Billion Says Muhyiddin

papar berkaitan - pada 31/7/2022 - jumlah : 253 hits
National Recovery Council chairman Muhyiddin Yassin speaking to fishermen in Terengganu today KUALA TERENGGANU The government can save RM20 billion a year by implementing the targeted subsidy scheme said national recovery council chairman M...
Disposable Income To Target Subsidies More A Long Term Solution Says Economist

Disposable Income To Target Subsidies More A Long Term Solution Says Economist

papar berkaitan - pada 30/7/2022 - jumlah : 194 hits
PKR deputy president Rafizi Ramli has suggested using disposable income to determine how targeted subsidies will be applied PETALING JAYA The idea of using disposable income as a measure to target subsidies has been welcomed but an economis...
Tengku Zafrul Appointed As Selangor Bn Treasurer

Tengku Zafrul Appointed As Selangor Bn Treasurer

papar berkaitan - pada 1/8/2022 - jumlah : 219 hits
Tengku Zafrul Aziz dressed in Barisan Nasional colours at the coalition s Selangor convention today in a photo posted by Umno Youth chief Asyraf Wajdi Dusuki on Facebook SHAH ALAM Tengku Zafrul Aziz has been appointed as Selangor Barisan Na...
Cooking Oil 17 Pct Of Traders Selling Below Maximum Price Says Inflation Task Force Chairman

Cooking Oil 17 Pct Of Traders Selling Below Maximum Price Says Inflation Task Force Chairman

papar berkaitan - pada 8/8/2022 - jumlah : 263 hits
Last week the government announced that the maximum price for palm cooking oil in bottles was to be set on a monthly basis based on the price of one tonne of crude palm oil announced by the Malaysian Palm Oil Board Malay Mail photo KUALA LU...
Ngo Kebajikan Banyak Membantu Rakyat Malaysia

Pakw Calculator

Remaja Malaysia Dipenjara Seumur Hidup Di Uk Taksub Alat Penukul Dan Pembunuhan

Using Predictive Analytics To Enhance Forex Market Timing For Malaysian Traders

Got Back Pain Time To Straighten Up

Banjir Rakyat Asing Di M Sia Apa Teruk Sangat K Jaan Ni

Speed Read The New Royal Enfield Bear 650 Scrambler And More

Tips Memasak Sayur Supaya Lebih Sedap Dan Berkhasiat


echo '';
Biodata Terkini Penyanyi Illa Sabry Peserta Gegar Vaganza 2024 Musim 11 GV11

Info Dan Sinopsis Drama Berepisod Senyawa iQIYI Malaysia

Info Dan Sinopsis Drama Berepisod Project Projek Exit Astro Originals

Pelajari Asal Usul Nama Makhluk Seram Kisah Fiksyen Barat Yang Terkenal

10 Fakta Filem Kahar Kapla High Council Yang Ramai Tak Tahu Prekuel Drama Project Projek High Council


Petua Tradisional Kawal Kolestrol Dan Kencing Manis Dengan Minum Air Rebusan Daun Pandan

7 Sunnah Bayi Baru Lahir Hingga Usia 7 Hari

Kips Bay Decorator Show House Dallas 2024 An Exquisite Showcase Of Design

China S President To Host Official Dinner For Anwar

I Bought A Toy Like Vape Online Mp Tells Dewan Chamber

Drama One Cent Thief 2 Lakonan Syafiq Kyle Azira Shafinaz