PM: NATION’S DEBT UNDER CONTROL
Fiscal deficit estimated to reduce from 6.7 per cent to three per cent by year-end
PRIME Minister Datuk Seri Najib Razak said the nation’s debt to gross domestic product (GDP) ratio is under control as it currently stands at 52.5 per cent from the previous 54 per cent.
Najib, who is also finance minister, said the country’s fiscal deficit was estimated to reduce from 6.7 per cent to three per cent by the end of the year.
He said this in reply to a question by Datuk Seri Dr Wan Azizah Wan Ismail (PKR-Permatang Pauh) during a question-and-answer session at Parliament yesterday.
She had asked Najib how the government planned to settle the debts of 1Malaysia Development Bhd (1MDB).
“Statements with regard to the 1MDB case have been issued.
“It is not due to the government not being able to pay back the debts, but more of a technical issue. It is in the ministry’s best interest to cater to incentives such as the Felda packages for settlers and benefits for retired armed forces unlike the opposition. They (the opposition) are only giving false hope.”