Oops, Najib did it again


Dzulkefly Ahmad

TRUE to form, prime minister Najib Razak did it again. An obvious penchant for over-spending, even very close to the proverbial finishing line, Najib can’t resist doing it, especially on the back of a higher revenue from the increased global crude oil price and a stronger ringgit now trading at RM3.80-RM3.90 to 1 US dollar.

But Najib must be reminded that economists are expecting a downside of a about 5-6 % bringing it to RM4.15-RM4.20 against the US dollar, if the development in the US, like economic growth and interest rate increases would trigger capital outflow. Do not be too bullish.


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Comments


  • So that explains why it is often touted that only a change of govt will help balance the books & show up any excesses?..

    Posted 5 years ago by MELVILLE JAYATHISSA

    • Precisely. Because this BN government is addled with corruption, mismanagement and misappropriation of funds, etc. Cut that out and put in a competent, well-meaning government, and you'd be SHOCKED at how much excess funding we'd have to actually improve this nation.

      Posted 5 years ago by Tommy richard

  • THIS is nothing compared to what will happen eventually under Najib - the MRT is losing money and will lose money. The ECRL will be a white elephant. HSR will lose a ton of money. Sarawak and Sabah first highway and its without toll - they must build more to keep votes - ALL toll free.

    Posted 5 years ago by Bigjoe Lam