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Malaysia's trade exposure to 5 troubled European countries at 1.5%
by hlk Thu 26 Jul 2012, 17:22
KUALA LUMPUR: Malaysia's trade exposure to the five troubled economies in Europe was only 1.5% of overall trade, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.
He also said on Thursday the government was expecting Malaysia's economy to grow between 4% and 5% this year.
Speaking
to reporters at the Malaysian Banking Summit, he also said the
government's target to reduce the fiscal deficit to 4.7% this year
remained intact.
Husni said target remained intact despite the
government's move to pay out a half-month bonus with a minimum payment
of RM500 for civil servants and a special payment of RM500 for
pensioners, all to be paid on Aug 9.
The bonus and special
payment, would involve an estimated RM2.2bil and benefit 1.27 million
civil servants as well as 657,000 government pensioners.
He also said on Thursday the government was expecting Malaysia's economy to grow between 4% and 5% this year.
Speaking
to reporters at the Malaysian Banking Summit, he also said the
government's target to reduce the fiscal deficit to 4.7% this year
remained intact.
Husni said target remained intact despite the
government's move to pay out a half-month bonus with a minimum payment
of RM500 for civil servants and a special payment of RM500 for
pensioners, all to be paid on Aug 9.
The bonus and special
payment, would involve an estimated RM2.2bil and benefit 1.27 million
civil servants as well as 657,000 government pensioners.
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