Rafizi: Economic policies take time to bear fruit

 

A month into holding office as a minister, Rafizi Ramli said that economic policies need time to bear fruit.

Taking to Twitter yesterday, the economy minister said this especially amid a challenging global economic outlook and a domestic economy "weakened" by previous administrations.

"There are certain things that can bear instant results, but the majority of economic planning takes more than a year, sometimes even longer.

"That is why, in the past month, I have met and discussed with the country's economic stakeholders, which include policymakers, executors, the private sector and other players," the Pandan MP said, adding that all the parties involved knew how to thrust the country's economy forward.

According to Rafizi (above), the government aspires to elevate the country's economy to a high-value one so that the people can handle the effects of inflation.

He noted criticisms from Perikatan Nasional (PN) lawmakers who questioned his efficiency as part of the government but said there were challenges that he was willing to face.

'The people can judge me'

Rafizi said: "The question of moving the country's economy towards a digital economy based on innovation, a balanced economy with environmental sustainability, the application of technology that increases productivity and efficiency - these are all economic goals that cannot be disputed.

"The real challenge is how to implement these steps in ways that can be enjoyed by the rakyat.”

The results of economic policies take time to be felt, he noted.

"Some (results) are instant, some can be felt in a year, two years, or even longer. Even if not all our policies bear fruit, most of them will have short- and long-term impacts.

"After five years, I will leave it to the people to judge my performance as a minister, as well as PKR/Pakatan Harapan (coalition) to lead the country." - Mkini