首页 社会内容详情
欧博开户网址:Rising pressure on debt with recession risks

欧博开户网址:Rising pressure on debt with recession risks

分类:社会

网址:

SEO查询: 爱站网 站长工具

点击直达

Telegram游戏机器人www.tel8.vip)是一个Telegram群组分享平台。Telegram游戏机器人包括Telegram群成员导出、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram游戏机器人为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

PETALING JAYA: While the government’s current debt level is manageable, there is rising pressure for the debt load to surge in the wake of the looming recessionary risks in the United States and developed economies.

Exacerbated by the stronger global inflation, economists concurred that embarking on the right strategies are necessary to keep the debt level at bay in the medium to long term.

CLICK TO ENLARGE

The government has started the ball rolling by announcing the austerity drive, but more is needed, they said, noting that rising debt levels would impact the fiscal space and lead to higher debt service charges.

The federal government’s debt as at the end of June 2022 stands at RM1.045 trillion, or 63.8% of the gross domestic product (GDP).

AmBank Group chief economist Anthony Dass told StarBiz that while the government’s debt had fallen slightly to 63% of GDP in the first quarter (1Q22), from 63.4% in 4Q21, there is still pressure for the overall debt load to rise this year. This could happen if the fiscal deficit widens above 6%, he said.

The government is targeting the fiscal deficit to be in the range of 6% of GDP for the year, an improvement from 6.4% in 2021.

,

欧博开户网址www.allbet8.vip),欧博网址开放会员注册、代理开户、电脑客户端下载、苹果安卓下载等业务。

,

Dass, who is also a member of the Economic Action Council Secretariat, said: “Even if Malaysia’s government debt burden rises, it is unlikely to exceed its debt-to-GDP ceiling of 65% in 2022. The debt burden threshold is benchmarked at a debt-to-GDP ratio of 70% and gross financing needs-to-GDP of 15%,” he noted.

AmBank Group chief economist Anthony Dass

Increasing debt level would lead to higher debt service charges, he said, noting that this would have a knock-on impact to retain the government’s capacity to allocate for other expenditures.

“What is crucial now is for the government to reaffirm its commitment to a concrete medium-term fiscal consolidation plan to bring its budget deficit down to pre-Covid-19 pandemic levels.

“There is a need to re-emphasise on the commitment to fiscal consolidation in the medium term as outlined in the 12th Malaysia Plan with a deficit target of 3.5% to GDP by 2025.

“The continuous provision of fiscal support in the medium term is projected to lead to a more gradual pace of fiscal consolidation, resulting in a more moderate decline in the debt-to-GDP ratio.

“However, the planned fiscal reforms, anchored by the introduction of the Fiscal Responsibility Act, adoption of Medium-Term Revenue Strategy and expenditure reviews, will accelerate the resumption of fiscal consolidation post-crisis,” Dass said.

  • 皇冠APP下载(www.hg9988.vip) @回复Ta

    2022-09-03 00:35:49 

    AN architect has been detained on suspicion of making false claims, estimated at RM3 million, in relation to a development project in the east coast.适合大众

  • 免费足球贴士(www.hgbbs.vip) @回复Ta

    2022-09-11 00:25:40 

      法国民航安全调查分析局(BEA)6日宣布,对这一事件展开安全调查。BEA认为此事体现“飞行控制的不稳定性”,将对相关数据展开分析。涉事客机已被停置,直至官方另行通知。BEA消息人士透露,该事件被归类为“严重”,是由于其发生在“风险最大的进场阶段”。真就这么回事儿

发布评论