• NAJIB OUTLINES FOUR KEY PRINCIPLES IN MANAGING THE ECONOMY
    17 Jul 2012, 06:08pm BY Sobana Damodaran

    Prime Minister Datuk Seri Najib Tun Razak has outlined four key principles, when managing the country's economy.

    He stressed, that these principles are necessary, if Malaysia wants to avoid an economic meltdown or a financial crisis.

    The second principle, is that there should be ample operating surplus, to prevent any borrowings to finance management expenses.

    Thirdly, the country's fiscal deficit should be on a progressive declining, trajectory.

    And there must be a balance between revenue base and the capacity to provide incentives and stimulus, to certain sectors or sub-sectors.

    Datuk Seri Najib said, it is important for Malaysia to achieve economic growth.

    Because only then, can policies to uphold social justice be carried out, and social security network, be expanded.

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