Malaysian economy still strong
THE allegation that Malaysia will go bankrupt is unreasonable, said several Umno supreme council and veteran members.
Citing the explanation given by Prime Minister Datuk Seri Najib Abdul Razak, who said the Group A economic rating accorded to the country was proof that the Malaysian economy was strong, they said it proved that the allegation by the Opposition was not true.
“Malaysia has debts, but what is important is that we can repay our debts.
“In fact, for countries such as the United States and Japan, their per capita debts are much bigger,” said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
In his speech at theUmno general assembly yesterday, Najib stressed that there is no such term as “bankrupt” in the Malaysian economic dictionary.
Mustapa said like other nations, Malaysia also faced economic challenges but was capable of handling them.
“The duty of the government is to manage the challenges. But when there is a problem, it does not mean we will go bankrupt. We have been able to manage the economy well, the growth is good, unemployment is low, and many investments flow into our country,” he said.
Umno supreme council member Datuk Johari Abdul Ghani, who is also Second Finance minister, said from the economic aspect, the Barisan Nasional government headed by Umno had developed the nation into achieving RM1.2 trillion in gross domestic product.
He said the prolific economic growth could only be achieved with the existence of political stability.
“Whatever differences in opinion there may be, ensure that they do not result in political instability because if there is no stability, it is quite difficult to develop the national economy,” he said.
Meanwhile, Gua Musang Member of Parliament Tengku Razaleigh Hamzah said the Malaysian economy was still good compared to many other nations.
“In the current economic climate, we are facing problems, and as such, the micro economic growth is not too good. But our economy is good compared to other nations,” he said. – Bernama