30 May '12, 6am

Re-Tabling Of National Budget And Necessity For An Economic Debate: The slower GDP

The slower Gross Domestic Product (GDP) growth of 4.7% for the first quarter of 2012, as announced recently by Bank Negara Malaysia (BNM), has a serious repercussion on Malaysia’s public finances. It is the second time that Dato’ Seri Najib Tun Razak’s administration failed to achieve important economic targets which were the basis for the National Budget of 2012. While the GDP growth of 5.1% for 2011 was at the lower end of the projected range of 5.0%-5.5% used as assumptions by Barisan Nasional in the budget, Dato’ Seri Najub obviously missed the 16.2% growth target for private investment in 2011, which turned out to be only 14.4%. I have cautioned Dato’ Seri Najib that his tendency to manipulate economic growth projections that enables him to flaunt a much lower but unrealistic deficit-to-GDP ratio target is irresponsible. During the debate on 2012 Budget in Dewan Rakya...

Full article: http://anwaribrahimblog.com/2012/05/30/re-tabling-of-nati...

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