‘Pakatan claims un­ten­able’

New Straits Times - - News -

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.”

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