Putrajaya asset sale a sign of desperation, says PKR

December 26, 2013 6:00 AM

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PKR ramped up its pressure on Putrajaya over the sale of government assets to meet its budget deficit targets.

This, it said, was a "sign of desperation”, which may result in a financial crisis.

PKR strategic director Rafizi Ramli (pic) said the Federal Government's move was unprecedented with no mention of any asset disposal or securitisation of mortgages in Budget 2013.

"The Malaysian Government is running out of financial and fiscal space as well as policy and monetary options to ensure the Treasury's healthy position.

"You start seeing signs of desperation, from the proposed price hikes to the introduction of the goods and services tax, and now this.

"All these are distress signals from Putrajaya," he said at a press conference at the PKR headquarters today.

Rafizi said the people would have less disposable income because of the increased cost of living. – December 26, 2013.

Source: themalaysianinsider.com

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