Despite Anwar Ibrahim statement that the government is in denial over the looming economic possibility of a recession and a questionable budget, Finance Minister Datuk Seri Najib Tun Razak says the government is able to withstand the global economic crisis
Datuk Seri Najib Tun Razak
“I want to assure the public that the Government is on top of the situation. Although it is serious, there is no need for us to panic. As far as we are concerned, this year we should attain the expected 5% growth. We are also not facing recession this year. That proposal is not an appropriate one to tackle the crisis. Some of the figures in the Budget may have changed, but it is not necessary to re-table the Budget. What is important is for the Government to continue spending so that it creates domestic growth and consumption. Depositors should also not worry about their money in the banks as there is enough liquidity in the banking system”
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