Global economic uncertainty calls for stable govt - Zafrul

If BN is given the mandate after the 15th general election (GE15), a stable government could be formed, said Tengku Zafrul Abdul Aziz.

He said such a government could continue all the policies formulated to assist the people and nation in weathering the global economic uncertainty.

The caretaker finance minister said the policies introduced before the dissolution of Parliament have clearly produced good results, with the national economy posting growth despite facing global headwinds, including from the geopolitical situation in Europe.

“The (conflict) in Ukraine and Russia, which has now also extended to Poland, has had an impact (on us) to some extent, in addition to Europe’s economic downturn.

“Just look at the high inflation rate due to higher fuel and raw material prices. In the United States, the interest rates have risen very high, burdening the people there,” he told reporters in Kuala Selangor today.

BN’s candidate for the Kuala Selangor parliamentary seat, Zafrul said that while Malaysia has been affected by the fallout, the economy has continued to grow due to the policies that were introduced and implemented.

“The economy grew 14.2 percent in the third quarter of this year, representing the fourth consecutive quarter of growth, while the first nine months of 2022 saw a growth of 9.3 percent.

“But the important thing is to look ahead. If BN were able to return and form the government, we would continue the policies to help the people and develop the economy,” he said.

Zafrul said that although the country is showing a healthy economic performance, Malaysia needs a stable government with a positive track record in order to prepare for the rising global challenges anticipated in 2023.

- Bernama