ID :
162324
Sat, 02/19/2011 - 14:22
Auther :
Shortlink :
https://oananews.org//node/162324
The shortlink copeid
SLOWDOWN IN GLOBAL ECONOMIC GROWTH WILL NOT HINDER MALAYSIA'S GDP TARGET
IPOH (Perak, Malaysia), Feb 19 (Bernama) -- The slowdown in the global
economic growth at present will not hinder the government's efforts to achieve
the six per cent gross domestic product (GDP) targeted for this year, says
Second Finance Minister Ahmad Husni Hanadzlah.
He said that this is because it is supported by the effectiveness of
government spending and private sector investment which is seen as an important
catalyst for the country's economic growth this year.
"The target can be a reality if all ministries and government agencies as
well as the private sector play their respective roles.
"The objective can also be attained through the private sector investments
valued at RM81 billion (US$26.12 billion) as targeted in the National Key
Results Areas (NKRA)this year," he told reporters after officiating the ground
breaking ceremony for the rebuilding of a Surau here Saturday.
He said this when commenting on Malaysia's 7.2 per cent growth for last year
as announced by Malaysia's central bank Bank Negara Malaysia Friday.
Bank Negara revealed that Malaysia's economy had registered a 7.2
per cent growth last year, the highest since 2000, following a recovery in the
manufacturing and services sectors as well as brisk exports and exports.
The government, which implemented a RM67 billion (US$21.6 billion)stimulus
package two years ago to boost the economy severely affected by the global
downturn, had earlier forecast the gross domestic product (GDP) to grow by more
than 6.0 per cent last year.
The growth forecast for this year is between 5.5 to 6.0 per cent.
Ahmad Husni said to achieve the status of a high income nation by 2020, the
6.0 per cent target must be achieved quickly and sustained thereafter.
"We have been directed to ensure the effectivess of the government
expenditure, meaning, whether for the operating expenditure or capital
expenditure,the planning must be done more effectively from what was seen
previously," he added.
economic growth at present will not hinder the government's efforts to achieve
the six per cent gross domestic product (GDP) targeted for this year, says
Second Finance Minister Ahmad Husni Hanadzlah.
He said that this is because it is supported by the effectiveness of
government spending and private sector investment which is seen as an important
catalyst for the country's economic growth this year.
"The target can be a reality if all ministries and government agencies as
well as the private sector play their respective roles.
"The objective can also be attained through the private sector investments
valued at RM81 billion (US$26.12 billion) as targeted in the National Key
Results Areas (NKRA)this year," he told reporters after officiating the ground
breaking ceremony for the rebuilding of a Surau here Saturday.
He said this when commenting on Malaysia's 7.2 per cent growth for last year
as announced by Malaysia's central bank Bank Negara Malaysia Friday.
Bank Negara revealed that Malaysia's economy had registered a 7.2
per cent growth last year, the highest since 2000, following a recovery in the
manufacturing and services sectors as well as brisk exports and exports.
The government, which implemented a RM67 billion (US$21.6 billion)stimulus
package two years ago to boost the economy severely affected by the global
downturn, had earlier forecast the gross domestic product (GDP) to grow by more
than 6.0 per cent last year.
The growth forecast for this year is between 5.5 to 6.0 per cent.
Ahmad Husni said to achieve the status of a high income nation by 2020, the
6.0 per cent target must be achieved quickly and sustained thereafter.
"We have been directed to ensure the effectivess of the government
expenditure, meaning, whether for the operating expenditure or capital
expenditure,the planning must be done more effectively from what was seen
previously," he added.
