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Thursday, October 20, 2016

Najib pours cold water on talk of an ‘Election Budget’

In the bag: Najib placing the Budget 2017 text into his briefcase while Finance Minister II Datuk Johari Abdul Ghani (second right) looks on. With them are Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah (left) and Finance Ministry staff.
In the bag: Najib placing the Budget 2017 text into his briefcase while Finance Minister II Datuk Johari Abdul Ghani (second right) looks on. With them are Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah (left) and Finance Ministry staff.

PETALING JAYA: Budget 2017 will see the Government keeping a tight lid on its expenses and at the same time, addressing some pressing issues such as increasing disposable income and making housing more affordable for the young working population.
The Budget is also expected to set the pace for Malaysia to prepare for a growing ageing society, where more than 45% of its population is expected to be above the age of 60 by 2025.
“Life expectancy has increased by 12 years. At the same time, an average family now has two children instead of six in the 1970s. These are long-term structural problems. The Budget is expected to start the ground work to prepare the people for measures to ensure they have enough savings right up to the end of their lives,” said a senior government official.
Prime Minister Datuk Seri Najib Tun Razak said that a major focus of Budget 2017 will be raising the disposable income of the rakyat, and encouraging upscaling, reskilling and entrepreneurship training.
Najib, who is also the Finance Minister, poured cold water on expectations that the Government would unveil a “General Election Budget”, something that has been speculated.It will also touch on mitigating the rising cost of living, providing more affordable housing, substantial measures on education and allocations for the provision of quality healthcare services.
The Prime Minister said that the Government would not opt for short-term political gain.
“We are committed to ensuring that the economic fundamentals of the nation remain resilient and strong. We commit to being prudent and creative in optimising expenditure, to ensure delivery for the people,” he told editors on the eve of unveiling Budget 2017.
Since Najib took over the helm as Finance Minister in 2009, he has been cutting down on Malaysia’s fiscal deficit, which was 6.7% of the gross domestic product (GDP) in 2009.
The move has earned Malaysia commendable reviews from international rating agencies.
The deficit is projected to be down to 3.1% this year and next year, economists have forecast it to be 3%.
The Government has set a target of achieving a near balanced budget by 2020, and towards this end, the Prime Minister said they were on the right trajectory to achieve economic growth while keeping a lid on spending.
“Despite fiscal pressures, inflation has been kept at low levels, and the Malaysian people as a whole are better off today than they were a year ago. Indeed, we are now an upper-middle-income country,” said Najib.
“We are on the right trajectory, with the economy expected to improve further in 2017 with growth of up to 5%,” he said.
According to a senior government official, had crude oil been above US$110 per barrel, Malaysia would have achieved a balanced budget by 2020. However, since mid-2014, the price of crude oil has come down by more than 50%, causing the Government to lose some RM30bil in income.
To add to Malaysia’s problem is an unstable external economic environment.
The trade policies in the United States are uncertain on the back of the presidential election there, while China is still undergoing an economic slowdown.
An area expected to receive special attention is measures to facilitate the people to embrace and take opportunities arising from the “sharing economy”.
It is a move to increase the income of the bottom 40% of households and the middle class.
“While the social safety net such as the BR1M scheme will continue, there could be measures to encourage people to take opportunities such as being a Uber or GrabCar driver,” said a senior official. -Star

3 comments:

  1. Sekian lama saya bermain togel baru kali ini saya
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    tembus,dan kini saya gak ragu-ragu lagi untuk memasang
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    hubungi: MBAH SANGKIL di nomor hp (_0852_1049_3757_) insya allah beliau akan membantu kesusahan anda apalagi kalau anda terlilit hutang trima kasih....

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      Sekian lama saya bermain togel baru kali ini saya
      benar-benar merasakan yang namanya kemenangan 4D dan alhamdulillah saya dpat Rp 150 juta dan semuaini
      berkat bantuan angka dari AKI ALIH]
      karena cuma Beliaulah ang memberikan angka
      goibnya yg di jamin 100% tembus awal saya
      bergabung hanya memasang 100 ribu karna
      saya ngak terlalu percaya ternyatah benar-benar
      tembus dan kini saya ngak ragu-ragu lagi untuk memasang
      angkanya,,,,buat anda yg butuh angka yang dijamin tembus
      hubungi AKI ALIH] DI 082==313==669==888
      insya allah beliu akan menbatu k40esusahan
      anda apalagi kalau anda terlilit hutang trima kasih.

      Delete
    2. Saya sekeluarga mengucapkan banyak trima kasih kepada AKI MUPENG karena atas bantuannyalah saya bisa menang togel dan nomor gaib hasil ritual yang di berikan AKI MUPENG bener-bener dijamin tembus dan saat sekarang ini kehidupan saya sekeluarga sudah jauh lebih baik dari sebelumnya itu semua berkat bantuan AKI kini hutang-hutang saya sudah pada lunas semua dan.sekarang saya sudah buka usaha sendiri. jika anda mau bukti bukan rekayasa silahkan hubungi/sms AKI MUPENG di 0852 9445 0976, atau KLIK DISINI, insya allah angka beliau di jamin tembus dan beliau akan menbantu anda selama 3x putaran berturut-turut akan memenangkan angka togel dan ingat kesempatan tidak datang 2x,trima kasih, Apakah anda termasuk dalam kategori di bawah ini !!!!1"Dikejar-kejar hutang2"Selaluh kalah dalam bermain togel3"Barang berharga anda udah habis terjual Buat judi togel4"Anda udah kemana-mana tapi tidak menghasilkan solusi yg tepat5"Udah banyak Dukun togel yang kamu tempati minta angka jitunyatapi tidak ada satupun yang berhasil. 4d 5d 6d Solusi yang tepat jangan anda putus asah... AKI MUPENG akan membantuanda semua dengan Angka ritual/GHOIB:butuh angka togel 2D/ ,3D/, 4D/ 5D/ 6D/ SGP / HKG / MALAYSIA / TOTOMAGNUM / dijamin100jebolApabila ada waktusilahkan Hub: AKI MUPENG DI NO: (((_0852 9445 0976 _)))ANGKA RITUAL: TOTO/MAGNUM 4D/5D/6D/ANGKA RITUAL: HONGKONG 2D/3D/4D/6D/ANGKA RITUAL; KUDA LARI 2D/3D/4D/6D/ANGKA RITUAL; SINGAPUR 2D/3D/4D/ 6D/ANGKA RITUAL; TAIWAN,THAILANDANGKA RITUAL: SIDNEY 2D/3D/4D 6D/»0852 9445 0976 .

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