“Article on Najib being worst Finance Minister male fide” - Parti Gerakan Rakyat Malaysia

“Article on Najib being worst Finance Minister male fide”

Gerakan's Kohilan Pillay says FinanceAsia failed to take into account Najib’s efforts to shore up nation’s fiscal position despite strong economic headwinds.

PETALING JAYA: Gerakan has slammed FinanceAsia for branding Najib Razak the worst Finance Minister in the Asia Pacific, arguing the business magazine was “biased and incorrect”.

In a press statement, vice-president A. Kohilan Pillay said the publication failed to take into account Najib’s various efforts to shore up the nation’s fiscal position despite strong economic headwinds.

He also said it was unfair towards Najib as it was wrong to judge him based on developments in the last 12 months and “largely backed by baseless and biased allegations”.

The former deputy minister also claimed the ranking was politically motivated.

“This article was written with mala fide; it did not reflect the true picture and experiences of Malaysia.

“Najib is committed to improving our fiscal position and also to continue socio-economic progression. This was evident in recent years. Najib deserves recognition and support. He should be vindicated.”

Kohilan added that despite the economic challenges and uncertainties, Najb had managed to keep the budget deficit down to 3.2% in 2015 and was committed to reducing this further to 3.1% in 2016.

He stressed that Malaysia also recorded a consistently high GDP growth rate, averaging 4.77% from 2000 until 2015.

Malaysia continued to adopt an outward-looking growth strategy under PM Najib.

Kohilan pointed out that Najib had shown “leadership, shrewdness and practicality” in maintaining budgetary balance through the recent Budget 2016 revision.

He noted that important measures the premier had taken included cutting spending and introducing the Goods and Services Tax (GST) that Kohilan said was vital for the country.

“FinanceAsia has to be more objective, comprehensive and fair in offering views or opinions in future.”

Yesterday, the Hong Kong-based publication ranked Najib the worst Finance Minister among the 12 largest economies in the Asia-Pacific region for this year.

The publication’s editors explained Najib had come out last for failing to get a handle on the 1Malaysia Development Berhad (1MDB) scandal that implicated him as well as the collapse in the price of oil, on which Malaysia was heavily dependent.

In last year’s issue, FinanceAsia had ranked Najib eighth among the finance ministers.





Follow @partigerakan