Malaysia S Debts Not As High As The Rm1 Trillion That Guan Eng Says



In Malaysia, he said, this was not the case as Malaysia’s debt is not above the RM1 trillion mark. If it were, he added, it would surpass 55% of GDP. “Bank Negara Malaysia (BNM) figures show that this is not the case. It’s just that the way BNM calculates the debt is not the same as the finance minister. BNM follows international standards by looking at direct debts,” he said. (FMT) – An economist says reintroducing the goods and services tax (GST) would help the government reduce the country’s debt but assures that the debt situation is not yet at worrying levels.
Speaking to FMT, Universiti Tun Abdul Razak’s Barjoyai Bardai said the country’s debt is manageable as long as the government has enough revenue to service the debt.
He said this had been the case even before the change of government.
“The situation only becomes worrying when your gross domestic product (GDP) does not grow and your debt escalates. But as long as the debt does not constitute more than 55% of GDP, we’re fine.”
In Malaysia, he said, this was not the case as Malaysia’s debt is not above the RM1 trillion mark. If it were, he added, it would surpass 55% of GDP.
“Bank Negara Malaysia (BNM) figures show that this is not the case. It’s just that the way BNM calculates the debt is not the same as the finance minister. BNM follows international standards by looking at direct debts,” he said.
Finance Minister Lim Guan Eng was recently criticised by former prime minister Najib Razak for saying that Putrajaya’s rationalisation measures resulted in a 3.9% decline in the debt-to-GDP ratio in 2018, despite an increase in direct government borrowings.
Najib, the former finance minister, said Lim’s calculations were based on the combination of direct debt, government guarantees, lease payments and payments for public-private partnership projects.
He said this method ran counter to those of other governments, where only direct borrowings are used to denote a country’s national debt.
In the long run, Barjoyai said, it was more important to consider the country’s ability to repay its debts and manage its finances, as this is what financial institutions, analysts and credit rating agencies look at.
“It’s more important to focus on things like the budget deficit and ensuring that we are investing in productive assets and initiatives which will ultimately go towards increasing the country’s revenue. This will determine our ability to repay our debts.
“In this sense, reintroducing the GST would help reduce the budget deficit because it would boost the government’s revenue by at least RM20 billion – around 7% of the government’s expenditure.”
He said this should be complemented by more cost-cutting measures and a reduction in wastage.
The Institute for Democracy and Economic Affairs (IDEAS), meanwhile, hailed Putrajaya’s rationalisation efforts, saying they are showing results.
“The increase in the direct government debt by 1% is a consequence of the fall in the tax revenue after the substitution of GST with SST,” said IDEAS CEO Ali Salman, referring to the sales and services tax.
He noted that SST collections had been better than estimated, which he said indicates a positive response to tax reforms.
He, too, said the debt-to-GDP ratio or the stock of government debt is less important than the government’s ability to repay its debts. He added that Putrajaya had been doing well on this front.
“So a small increase in direct government debt is not a major concern. In the long run, the federal government must strive to cut down wasteful expenditure and aim for a balanced budget within this term.
“The Pakatan Harapan government has the ability to deliver a deficit-free budget within the next four years.”
 


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

https://www.malaysia-today.net/2019/06/05/malaysias-debts-not-as-high-as-the-rm1-trillion-that-guan-eng-says/

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
Bebal Si Lim Guan Eng Memang Kelakar Tapi Sangat Menyusahkan Keseluruhan Rakyat Malaysia

Bebal Si Lim Guan Eng Memang Kelakar Tapi Sangat Menyusahkan Keseluruhan Rakyat Malaysia

papar berkaitan - pada 2/6/2019 - jumlah : 364 hits
April 2017 Malaysia telah diletakkan negara yang didakwa melakukan penipuan perdagangan Negara lain yang turut disenaraikan adalah Negara China Sedar sekiranya tuduhan tersebut tidak dilenyapkan dan diatasi Malaysia bakal menghadapi sekatan...
Bossku Is Actually The Najib Freak Show He S Now An Object Of Curiosity Like A Road Accident Horror Or Tragedy Guan Eng

Bossku Is Actually The Najib Freak Show He S Now An Object Of Curiosity Like A Road Accident Horror Or Tragedy Guan Eng

papar berkaitan - pada 29/5/2019 - jumlah : 90 hits
KUALA LUMPUR Lim Guan Eng urged DAP leaders today not to respond to Datuk Seri Najib Razak s alleged lies supposedly made to distract from the former prime minister s corruption trial The DAP secretary general and finance minister accused N...
Pbb Rep Says Latheefa Not The Right Candidate To Head Macc

Pbb Rep Says Latheefa Not The Right Candidate To Head Macc

papar berkaitan - pada 5/6/2019 - jumlah : 160 hits
A Parti Pesaka Bumiputra Bersatu s state assemblyman today insisted that human rights lawyer Latheefa Koya should not head the Malaysian Anti Corruption Commission although she had resigned from PKR to take up the appointment Quitting PKR d...
Restoring Gst Means Ph Admitted Guan Eng Messed Up The Economy

Restoring Gst Means Ph Admitted Guan Eng Messed Up The Economy

papar berkaitan - pada 27/5/2019 - jumlah : 127 hits
Another Brick in the Wall For three years in a row and and Pakatan Rakyat supporters held an anti GST rally Thoughout the GE 14 campaign GST was the main and most impactful political weapon of mass destruction for Pakatan Harapan to demolis...
Guan Eng Jumlah Hutang Dan Liabiliti Kerajaan Rm1 1 Trilion

Guan Eng Jumlah Hutang Dan Liabiliti Kerajaan Rm1 1 Trilion

papar berkaitan - pada 3/6/2019 - jumlah : 121 hits
PUTRAJAYA Jumlah hutang dan liabiliti kerajaan berjumlah RM1 1 trilion atau 75 4 peratus daripada Keluaran Dalam Negara Kasar negara setakat akhir 2018 Kementerian Kewangan dalam satu kenyataan berkata kedudukan hutang dan liabiliti kerajaa...
Macc Not Probing Former Ag Says Source

Macc Not Probing Former Ag Says Source

papar berkaitan - pada 1/6/2019 - jumlah : 75 hits
MACC is not investigating former attorney general Mohamed Apandi Ali in connection with the 1MDB scandal revealed a source This was in response to DAP veteran Lim Kit Siang saying that he should be for helping former premier Najib Abdul Raz...
It S Your Fault Irb Daim Warns Tax Dept Not To Cause Panic Among The People Making The Ringgit To Lose Value

It S Your Fault Irb Daim Warns Tax Dept Not To Cause Panic Among The People Making The Ringgit To Lose Value

papar berkaitan - pada 2/6/2019 - jumlah : 89 hits
Former chairman of the Council of Eminent Persons Tun Daim Zainuddin pointed out during an interview that the authorities sent out income tax notices to the people causing people to feel panic and afraid to spend As a result the ringgit val...
Guan Eng Pesan Pemimpin Dap Jangan Buang Masa Layan Najib

Guan Eng Pesan Pemimpin Dap Jangan Buang Masa Layan Najib

papar berkaitan - pada 28/5/2019 - jumlah : 92 hits
Setiausaha Agung DAP Lim Guan Eng mengingatkan agar kepimpinan DAP tidak perlu membuang masa melayan dakwaan bekas perdana menteri Najib Razak Jelas Lim ia hanya akan memberikan peluang kepada Najib mengalihkan perhatian dunia daripada perb...
Apologise Over Remarks On Lynas Dr Wee Tells Guan Eng

Apologise Over Remarks On Lynas Dr Wee Tells Guan Eng

papar berkaitan - pada 3/6/2019 - jumlah : 86 hits
PETALING JAYA Datuk Seri Dr Wee Ka Siong has called on Finance Minister Lim Guan Eng to apologise over his remarks on Lynas The MCA president made the call with regard to a video clip showing Lim who was then Penang chief minister berating ...
10 Tempat Menarik Di Genting Highland Yang Ramai Tak Tahu Rugi Tak Datang

Sering Peluk Cium Pipi Naqiu Netizen Tuduh Sham Naqiu Pasangan Gay Sham Beri Komen

Jangan Ambil Mudah Bila Badan Tidak Sihat

Pendapatan Mahathir Naik 31 Peratus Rm100 000 Sebulan

Badminton Sumbang Tiga Pingat Emas S Kisona Lakar Kejutan

Taman Rekreasi Air Panas Inflatable Waterpark Jasin

Songket Tenun Cotton Eksklusif Korang Wajib Ada Sepasang Dalam Koleksi Pakaian Kegemaran Korang

Pembaikan Tanah Runtuh Jalan Ranau Kundasang Di Km 11 3 Masih Ditutup Jkr Sabah



Kenapa Kita Guna Gelaran Boss

Biodata Sharifah Husna Pelakon Drama Seadanya Aku

Biodata Dan Latar Belakang Pakar Bedah Dr Amalina Bakri

Akhirnya Hafreez Adam Dedah Punca Unfollow Zara Zya Di Instagram

Kisah Pesakit Polio Terakhir Paul Si Paru Paru Besi 1952


Cara Overclock Android Tanpa Root Untuk Menjaga Garansi

Cara Install Ulang Android Sendiri

11 Daerah Wisata Demak Aneka Keindahan Di Nagari Para Wali

Fuhh Takut Tengok Dahan Sebesar Paha Tembus Cermin Kereta Nyaris Terjah Muka

Perkhidmatan Adobe Akan Dikenakan Caj Tambahan Sst 6 Bermula Januari 2020

Redmi K30 Kini Rasmi Fon Kelas Pertengahan Yang Cukup Berkuasa