Rubbishing rumours that the country is headed for an economic meltdown, he added that it was the negative perceptions that had affected the decline in the Malaysian currency.
“We are targeting deficit at 3.1 per cent… We are on track to achieving. This year we are targeting 4.5 per cent to 5. We have all the programmes in place to achieve this, so we are on track,” he told a news conference at the Finance Ministry office here.
He also pointed out that both the International Monetary Fund and the World Bank are “happy” with Malaysia’s economic performance to date and had noted it was among the few economies showing resilience in the face of the ongoing global economic slowdown.
“So I say the perception must be corrected, and today’s briefing, if you publish this, the ringgit will strengthen you know. So you need to give positive statements again and again,” he added.
- Malay Mail
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