Showing posts with label Debts. Show all posts
Showing posts with label Debts. Show all posts

Tuesday, June 8, 2010

PM dispels fears of possible bankruptcy

Najib says the financial position of the federal government will continue to be monitored and controlled responsibly

Prime Minister Datuk Seri Najib Razak today moved to quell fears raised by a minister that Malaysia would one day go the way of Greece and Iceland and become a bankrupt nation.

In a written response to a question by Lim Kit Siang (DAP-Ipoh Timor) in Parliament, the premier gave an assurance that the government was taking steps to ensure that Malaysia’s debts would be reduced and maintained at a manageable level.

“Malaysia will not face problems like what is happening at present in Greece and Iceland.

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