Pakatan must assure Malaysians they made the right choice in GE14, says Guan Eng
Finance Minister Lim Guan Eng speaks during a press conference in Putrajaya January 18, 2019. — Picture by Shafwan Zaidon
He said this is the main driving force behind the PH government’s economic policies, fiscal consolidation, and institutional reforms. Despite criticism levelled at the government for being slow in fulfilling its election promises, he said the PH administration has managed to successfully carry out a number of major reforms earlier on.
Terence Gomez, a senior fellow at the Institute for Democracy and Economic Affairs, however, had previously questioned management of GLCs under the PH administration, such as the transfer of investment funds Permodalan Nasional Bhd and Khazanah Nasional Berhad from the Finance Ministry to the Prime Minister’s Department.
“We will cut the deficit level from 3.7 per cent in 2018 to 3.4 per cent this year, 3.0 per cent in 2020 and 2.8 per cent or less in 2021, and we have shared this with Fitch, Moody’s and S&P.ratings at A-/A3 despite the fiscal challenges we face from prolificacy and corruption of the past,” Lim said.
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