‘Pakatan claims untenable’
KUALA LUMPUR: Pakatan Harapan can no longer use the words “Rising household debt ratio” to discredit the government.
This was due to prudent measures put in place by Bank Negara Malaysia (BNM), said blogger Lim Sian See.
“Due to the government’s efforts to control the budget deficit and also the growing economy, the government debt to gross domestic product ratio fell from 54.5 per cent in 2015 to 52.7 per cent in last year — the lowest since 2008,” he said on his Facebook page.
Lim said if the government’s budget deficit target and GDP growth for this year were met then this ratio would fall below 50 per cent by the end of this year.
“So, Pakatan can also no longer use the words ‘Rising debt-toGDP ratio and will soon break the limit of 55 per cent and go to 100%’ anymore.”