Excerpt from OPEC Monthly Oil Market Report Aug 2013. " Citing - TopicsExpress



          

Excerpt from OPEC Monthly Oil Market Report Aug 2013. " Citing Malaysia’s increasing debt and the need for budgetary reform, Fitch has cut its outlook to negative from stable. The Malaysian government is trying to meet its target to trim the deficit to 3% of GDP by 2015, in addition to not allowing state debt to exceed 55% of GDP. The deficit stood at 4.5% of GDP at the end of 2012 and is expected to narrow to 4% of GDP this year and the economy is projected to grow at between 5% and 6% this year, according to the Central Bank of Malaysia. " Defisit. Hutang. From Stable to NEGATIVE. No wonder diorg cut subsidi. Are we not prudent enough in managing our money? Or our money is imprudently and unnecessarily spent by govt? Cincin anyone? (ok ini sarcasm)
Posted on: Thu, 05 Sep 2013 09:45:53 +0000

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