Positive effects from debt-reduction measures

Quick Summary:

A reduction in the national debt from various measures, including the fuel subsidy rationalisation, could see various effects on the economy in the longer term.

Anwar also said the government will ensure future spending will be used as funds for development expenditure or to settle existing debts.

Through this, the effort to reduce the national debt will pay off by enhancing the country’s competitiveness, they noted.

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Article Details

Author / Journalist: DANIEL KHOO

Category: EconomyBusiness

Markets: Malaysia

Topics: EconomicStability FiscalConsolidation FinancialReform DebtReduction NationalDebt GovernmentSpending Economy SubsidyRationalisation /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 691 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21973532

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 84 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 39 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #22

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