KUALA LUMPUR: Former Finance Minister II Datuk Seri Johari Abdul Ghani (pix) has urged the government to expedite the implementation of targeted subsi...
has urged the government to expedite the implementation of targeted subsidies under the Mid-Term Review of the 12th Malaysia Plan to bolster the country’s fiscal position.
“I believe that no matter how big the authority is, it will not be able to prevent subsidy leakages from continuing in the future if the difference between the subsidised prices and the actual prices in the market is large,“ he said when debating the 12MP MTR motion in the Dewan Rakyat today. “With the strength of the government , I believe we will have to get through this short-term pain for the long-term gain,“ he said.
Besides fiscal deficit, the ringgit transition is also influenced by several other economic factors, namely political stability, good economic management, sustainable gross domestic product growth, overnight policy rate management, credit rating, and capital inflow and outflow, he said.
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