I was born yesterday. And I did not study economics.

KUALA LUMPUR, March 12 — Deputy Prime Minister Datuk Seri Najib Razak says that the 7.6 per cent fiscal deficit is not expected to affect Malaysia’s credit rating.

Winding up the debate on the RM60 billion second stimulus package, he said that this was because increased deficits were expected during an economic crisis. [Najib says higher deficit won’t affect credit rating. Shannon Teoh. The Malaysian Insider. March 12 2009]

If the DPM wants credibility, the DPM really needs to be forthright.

Mohd Hafiz Noor Shams. Some rights reserved Mohd Hafiz Noor Shams. Some rights reserved Mohd Hafiz Noor Shams. Some rights reserved

One Response to “[1922] Of deficit, rating and my not so Dutch uncle”

  1. on 19 Mar 2009 at 08:33 zewt

    hahahaha…. this puts life into the motto… malaysia boleh.

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