Most Read
Most Commented
Read more like this
mk-logo
News
Stimulus package dents gov't coffers: S&P's
Published:  May 21, 2003 11:29 AM
Updated: Jan 29, 2008 10:21 AM

The country's RM7.3 billion economic stimulus package will dent government finances but will not affect the country's ratings, Standard and Poor's said today.

The package, unveiled by Prime Minister Mahathir Mohamad to mitigate the effects of Severe Acute Respiratory Syndrome and to revive the sluggish economy, involved RM1.7 billion in government's budget and the rest from banks.

The rating agency said federal government expenditure was slightly lower than its own expectations but was still expected to lead to a deficit of about 5.5 percent of 2003 gross domestic product.


Please join the Malaysiakini WhatsApp Channel to get the latest news and views that matter.

Unlocking Article
Unlocking Article
ADS