Putrajaya will unveil policies in Budget 2014 to strengthen the
country's fiscal and macro position, Prime Minister Datuk Seri Najib
Razak (pic) said today, two days after Fitch Ratings downgraded
Malaysia's creditl outlook to negative.
Najib said the government shared the rating agency's concern on fiscal reforms.
"We are looking at various policy options and the actual details will be unveiled shortly in the forthcoming budget," he was quoted as saying by the New Straits Times news portal.
Najib, who is also finance minister, said the revision by Fitch Ratings was only with regard to outlook but the rating agency has "reaffirmed our current rating and this is something positive".
The news portal also quoted Bank Negara Malaysia governor Tan Sri Zeti Akhtar Aziz as saying Malaysia had the capacity to address these concerns in a gradual and sequence manner.
She said both the central bank and the government have been addressing all the issues all this while.
"We will set up to increase our economy to be more resilient and better enhance our potential to sustain growth," she said.
(Source: The Malaysian Insider)
Najib said the government shared the rating agency's concern on fiscal reforms.
"We are looking at various policy options and the actual details will be unveiled shortly in the forthcoming budget," he was quoted as saying by the New Straits Times news portal.
Najib, who is also finance minister, said the revision by Fitch Ratings was only with regard to outlook but the rating agency has "reaffirmed our current rating and this is something positive".
The news portal also quoted Bank Negara Malaysia governor Tan Sri Zeti Akhtar Aziz as saying Malaysia had the capacity to address these concerns in a gradual and sequence manner.
She said both the central bank and the government have been addressing all the issues all this while.
"We will set up to increase our economy to be more resilient and better enhance our potential to sustain growth," she said.
(Source: The Malaysian Insider)
No comments:
Post a Comment