PM: Govt all out to help peo­ple

> But Bud­get 2017 must bal­ance needs with na­tional debt, says Na­jib

The Sun (Malaysia) - - NEWS WITHOUT BORDERS -

BANGKOK: Prime Min­is­ter Datuk Seri Na­jib Ab­dul Razak said the gov­ern­ment wants to ex­tend as much as­sis­tance and ben­e­fits as pos­si­ble to the peo­ple in the 2017 Bud­get and at the same time man­age Malaysia’s fi­nan­cial po­si­tion in a re­spon­si­ble and pru­dent man­ner.

He said the gov­ern­ment needed to be cre­ative in over­com­ing the con­straints it faced to en­able it to con­tinue help­ing the peo­ple.

“There are so many things we need to do but one has to re­alise that it has to be in the con­text of our af­ford­abil­ity and also that we need to rein in or at least man­age our debt and fis­cal deficit in a pru­dent way,” he told Malaysian me­dia yes­ter­day af­ter at­tend­ing the sec­ond Asia Co­op­er­a­tion Di­a­logue (ACD) sum­mit at the For­eign Min­istry here.

The sum­mit was ear­lier opened by Thai Prime Min­is­ter Gen Prayut Chan-o-cha.

Na­jib, who is also fi­nance min­is­ter, said Malaysia was faced with a sce­nario of low com­mod­ity prices across the board while some of the re­cov­ery in de­vel­oped coun­tries had not been strong enough.

He said some of the eco­nomic mea­sures taken by the de­vel­oped coun­tries had af­fected emerg­ing economies, in­clud­ing Malaysia.

“That is the kind of back­ground we are fac­ing and these are fac­tors be­yond our con­trol,” he said.

Ac­cord­ing to Na­jib, he would also have to see the gov­ern­ment’s achieve­ments in terms of the fi­nan­cial goals and pa­ram­e­ters that it had set for 2016.

The gov­ern­ment, he said, also needed to take stock of the chal­lenges the coun­try was fac­ing.

He said he would be hav­ing dis­cus­sions with min­is­ters and of­fi­cers to look at their bud­get as­pi­ra­tions and whether the gov­ern­ment could af­ford to ac­com­mo­date them, apart from also con­sid­er­ing the sec­toral needs of the var­i­ous min­istries and study­ing var­i­ous sug­ges­tions sub­mit­ted by the peo­ple.

On his prepa­ra­tions for the Bud­get, he said ev­ery­thing has been pro­gress­ing well.

“My ap­proach en­tails look­ing at the broad macro pic­ture, look­ing at the fi­nan­cial out­look as well as eco­nomic prospects, par­tic­u­larly for 2017 and be­yond,” he said. – Ber­nama

BERNAMAPIX

Na­jib with other world lead­ers at the sec­ond Asia Co­op­er­a­tion Di­a­logue sum­mit in Bangkok, Thai­land, yes­ter­day.

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