BACHOK: Bank Negara is targeting an annual gross domestic growth (GDP) of
between 4% and 5% for three consecutive years beginning next year.
Deputy Finance Minister Senator
Datuk Dr Awang Adek (pic) said the consistent annual growth was vital in order
for the nation to realise the Vision 20 status.
“We are confident of achieving
the target based on the 5.4% GDP growth announced for the second quarter,” he
told reporters after hosting a Hari Raya open house at his residence.
Awang Adek also said the 2013
Budget, which would be presented in Parliament on Sept 28 by the Prime
Minister, would be focused in this direction.
He added that the budget would
also address ways to cushion the impact of global uncertainties on the
Malaysian economy.
On claims by several quarters
that the 2014 Budget would be an election budget, he said that it was not true.
— Bernama
Awang Adek said the budget was to
determine the direction of the economy for next year while the election date
was not yet fixed.
Bernama
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