Published: 2009/03/10
MALAYSIA'S government will add RM60 billion (US$16.27 billion) in new spending over 2009 and 2010, Deputy Prime Minister Datuk Seri Najib Tun Razak said in Parliament today.This is much more than the RM30 billion many economists expected.
Najib said he is confident the deficit can be financed from domestic sources The government slashed 2009 GDP forecast, projecting a range between a contraction of 1 per cent and a 1 per cent expansion, down from forecast growth of 3.5 per cent
Even with the new measures, Malaysia’s unemployment will rise to 4.5 per cent from 3.7 per cent, the deputy premier said, and he promised that Malaysia’s government sector, often criticised for being inefficient and overstaffed, would create 63,000 jobs.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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