Print More Money Rather Than Borrow Putrajaya Urged


Money supply is controlled by Bank Negara Malaysia. An economist has suggested that the government increase the money supply instead of taking more loans.PETALING JAYA: An economist says the government’s move to raise its debt ceiling will give it more room to borrow money for programmes to stimulate economic recovery, but believes Putrajaya should opt for a different approach
Kameel Mydin Meera, a former dean of the Institute of Islamic Banking and Finance at the International Islamic University Malaysia, believes the government should opt for quantitative easing instead
Quantitative easing allows the government to increase the supply of money in the economy without borrowing. It involves printing or creating new ringgit and the idea is to boost spending within the economy and in doing so, stimulate the economy
Speaking to FMT, Kameel said the government will need to roll out a large stimulus package of around RM150 billion to “jump start” the economy which has been affected by Covid-19 and the movement control order
But while increasing the debt-to-GDP ratio allows the government to borrow more money, Kameel says it need not do so
Earlier this week, the government tabled the Temporary Measures for Government Financing (Covid-19) Bill 2020 in the Dewan Rakyat which provides for a temporary increase in the national debt ratio from 55% to 60%
Under the current law, the government cannot raise loans to amounts beyond 55% of the gross domestic product
Kameel Mydin Meera“In my opinion, the government should utilise its power to ‘create ringgit’ namely quantitative easing,”
Kameel said
He contends that quantitative easing would not create inflation as it might in normal times because there is a large liquidity gap in the market as a result of the restrictions to combat Covid-19
Kameel said Malaysia did not need to follow other countries who have higher debt-to-GDP ratios
“Debt will have to be repaid principal plus interest, which ultimately will have to be borne by the people.”Kameel said, in taking advantage of the increased debt ceiling, the government should not channel funds to pay for wage subsidy programmes but should focus on boosting domestic consumption and support for the most needy, including the bottom 40 (B40) and unemployed
Lee Heng GuieHowever, another expert, Lee Heng Guie of the Socio-Economic Research Centre, said the government has to increase the debt-to-GDP ratio given that its debt stood at RM823.8 billion, which is estimated to be in excess of the 55% GDP mark
“The debt to GDP ratio should not be a cause for alarm in the current moment from a historical perspective as we had far higher debt to GDP ratio between 60.1% of GDP and 93.1% of GDP during 1982 to 1991
“A debt-to-GDP ratio of 60% is quite often noted as a prudent limit, suggesting that crossing this limit will threaten fiscal sustainability.”But, he cautioned, this did not mean it was an optimal level as there was a need to consider future growth and revenue paths as well as the country’s capacity to repay the loans
The increased debt means that the government will have to spend more of its operating expenditure on repaying its loans
“When the economy has recovered, we must control the growing debt either by increasing taxes or cutting expenditure including rationalising the exponential growth in operating expenditure stemming from emoluments, pensions, supplies and services,” he said. - 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/opup-qq5q-k/print-more-money-rather-than-borrow.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
More Joining Bersatu Than Leaving Says Hamzah

More Joining Bersatu Than Leaving Says Hamzah

papar berkaitan - pada 13/8/2020 - jumlah : 365 hits
The recent exodus of Bersatu members loyal to its former chairperson Dr Mahathir Mohamad has not caused a dent to the party said its secretary general Hamzah Zainudin claimed that the number of defectors was small compared to new membership...
Guan Eng Ends Third Round At Macc After More Than 8 Hours

Guan Eng Ends Third Round At Macc After More Than 8 Hours

papar berkaitan - pada 27/7/2020 - jumlah : 337 hits
Former Penang chief minister Lim Guan Eng ended his third round of questioning at the MACC headquarters today after more than eight hours Lim and his lawyer RSN Rayer reportedly left the MACC building at 7pm According to Bernama a source fr...
Malaysia Records First Covid 19 Death In More Than A Week 13 New Cases

Malaysia Records First Covid 19 Death In More Than A Week 13 New Cases

papar berkaitan - pada 27/7/2020 - jumlah : 467 hits
CORONAVIRUS Malaysia today recorded its first Covid 19 death in more than a week Health Ministry director general Dr Noor Hisham in a statement said the 124th casualty is Patient 8 743 who is a 63 year old Malaysian woman who was treated at...
Penerangan Umno Putrajaya Siap Siaga Teruskan Perjuangan

Penerangan Umno Putrajaya Siap Siaga Teruskan Perjuangan

papar berkaitan - pada 13/8/2020 - jumlah : 433 hits
PUTRAJAYA Ketua Penerangan UMNO Bahagian Putrajaya Datuk Mohd Hisamudin Yahaya memaklumkan bahawa jentera penerangan di semua peringkat telah siap siaga bagi berdepan Pilihan Raya Umum ke 15 Katanya semua jentera penerangan UMNO empat perin...
Hanya Putrajaya Boleh Umum Pkpd Kata Ismail Sabri

Hanya Putrajaya Boleh Umum Pkpd Kata Ismail Sabri

papar berkaitan - pada 11/8/2020 - jumlah : 429 hits
Menteri Kanan Ismail Sabri Yaakob berkata kerajaan negeri tidak boleh bertindak sendiri di bawah Akta 342 kerana ia boleh mengelirukan orang ramai dari segi pelaksanaan peraturan PETALING JAYA Hanya kerajaan persekutuan mempunyai kuasa untu...
Covid 19 Dua Kluster Baru Dikesan Di Pulau Pinang Putrajaya

Covid 19 Dua Kluster Baru Dikesan Di Pulau Pinang Putrajaya

papar berkaitan - pada 10/8/2020 - jumlah : 328 hits
KKM mengesan dua lagi kluster baharu berkaitan wabak Covid 19 iaitu Kluster Kurau di Pulau Pinang dan Kluster Meranti di Putrajaya Foto oleh Choo Choy MayKUALA LUMPUR 9 Ogos Kementerian Kesihatan mengesan dua lagi kluster baharu berkaitan w...
Putrajaya Digesa Kawal Ketat Pelancongan Antara Bandar Zon Hijau

Putrajaya Digesa Kawal Ketat Pelancongan Antara Bandar Zon Hijau

papar berkaitan - pada 15/8/2020 - jumlah : 262 hits
Pengusaha industri pelancongan menyambut baik cadangan kerajaan membenarkan kemasukan pelancong asing dari bandar zon hijau ke Malaysia PETALING JAYA Industri pelancongan menyambut baik cadangan kerajaan membenarkan rakyat dari bandar zon h...
Mask Maker Calls For Ceiling Price Lower Than Rm1

Mask Maker Calls For Ceiling Price Lower Than Rm1

papar berkaitan - pada 13/8/2020 - jumlah : 286 hits
Masks were sold at 20 sen per piece before Covid 19 struck says a manufacturer PETALING JAYA A manufacturer of face masks has urged the government to consider bringing down the ceiling price of the three ply variety to a rate lower than the...
Sabah Macc To Probe Claims Of Assemblypersons Offered Money To Jump Parties

Sabah Macc To Probe Claims Of Assemblypersons Offered Money To Jump Parties

papar berkaitan - pada 1/8/2020 - jumlah : 315 hits
The Malaysian Anti Corruption Commission will investigate allegations that several Sabah state assemblypersons were offered money and positions to jump parties recently Sabah MACC director S Karunanithy said the commission had contacted the...
Former Macc Chief Questions Legality Of Second Seizure Of Ilham Tower

Cheaper Riskier More Meaningful Why Malaysians Send Their Korban Abroad For Aidiladha

Sprm Serah Kertas Siasatan Skandal Perlombongan Sabah Kepada Agc

Sekiranya Hadi Awang Berundur Pas Akan Bermasalah

The Day Niagara Falls Stopped A Forgotten Natural Phenomenon Of 1848

Hukum Membeli Perangkat Lunak Komputer Bajakan

Lima Mangsa Kemalangan Maut Jerantut Feri Telah Dikenalpasti Buat Pusingan U Secara Mengejut Jadi Punca

Bot Terbalik Di Perairan Tanjung Harapan 3 Termasuk Bayi Maut Dan 2 Masih Hilang


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Hari Lautan Sedunia Untuk Lebih Dihargai Lautan Wajar Diberikan Tanda Harga

Siakap Masak Lemak Cili Padi Kegemaran Sekeluarga

Kasih Tak Minta

Kemalangan Maut Empat Beradik Di Jerantut Feri Ibu Saudara Dakwa Panggilan Terakhir Tersilap Simpang

Dalami Erti Pengorbanan Pesan Sultan Pahang Tengku Ampuan Sempena Menyambut Hari Raya Aidiladha

Kemalangan Maut Empat Beradik Bapa Tak Sangka Terima Video Terakhir Lepas Itu Terus Senyap