Lim: Penang not better under BN
> Chief minister says growth during PH term was top for 2014-2015
GEORGE TOWN: The Penang government does not agree that the state performed better economically under Barisan Nasional (BN).
Chief Minister Lim Guan Eng said his administration recorded a 5.5% gross domestic product (GDP) in 2015 compared with the national average of 5% then.
The GDP for Penang in 2014 was 8% compared with the national average of 6% then, he added.
Growth for GDP per capita (GDP divided by population) in Penang under Pakatan Harapan recorded the top spot for the 2014-2015 period, Lim said.
This was compared with the 2006-2007 period when the state was at the bottom of the GDP per capita table.
He also released figures for the 2005-2010 period showing GDP per capita had improved in Penang since 2008.
“The best is yet to come,” he told a press conference yesterday.
Lim’s administration has been in a verbal face-off with BN and Gerakan leaders over the state’s economic performance.
On Sunday, Penang BN chairman Teng Chang Yeow defended the BN government of the 1990s which lost the state in 2008.
Figures he released showed Penang GDP from 1992 to 2007 was above the national average except during the 1998 financial crisis, with the highest GDP growth recorded in 1994, at 14.1%.
He said Pakatan Harapan (PH) recorded a GDP growth higher than the national average only in 2008 (the year PH won the state) and 2010.
The figures for economic performance under PH were disputed by Lim, who said they were outdated.