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Don't worry over credit rating downgrade - PM Mahathir

Last update: 17/05/2018
 

PETALING JAYA, May 17 --Malaysia should not be worried over any potential downgrade in credit rating due to implementation of the zero-rated Goods and Services Tax (GST), as the country is set to profit from the higher petroleum price and lower government expenditure, Prime Minister Tun Dr Mahathir Mohamad said.

"(This) the (2018) budget was drawn up when the petroleum price was at US$52, (but) now (at) US$70 per barrel, we stand to profit from this," he told a press conference after chairing the Pakatan Harapan Presidential Council meeting here today.

--BERNAMA .
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