PM: NA­TION’S DEBT UN­DER CON­TROL

Fis­cal deficit es­ti­mated to re­duce from 6.7 per cent to three per cent by year-end

New Straits Times - - News - KUALA LUMPUR

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.”

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