PM: Budget 2018 to focus on living cost, housing issues

Najib Razak says government will address not only macro figures, but also focus on people’s economy.

najib-housing

KUALA LUMPUR: The government will place more emphasis on the cost of living and housing issues in Budget 2018 in an effort to improve the standard of living and well-being of the people while taking into account favourable macro growth.

Prime Minister Najib Razak said the Barisan Nasional (BN) supreme council, which met today, felt that the government needed to address not only macro growth figures, but also focus on the people’s economy.

“We also talked about our country’s economic position by taking into account several favourable macro-factors, including the second-quarter growth rate this year which reached 5.8%.

“We’ve achieved the largest amount of international reserves in our history… and also for the past two days, we’ve seen the strengthening of the ringgit becomes a reality,” he told a press conference after chairing the BN supreme council meeting at Menara Dato’ Onn here today.

The ringgit closed at a 10-month-high of 4.2080/2110 against the US dollar on Thursday from 4.2370/2400 on Wednesday, amid encouraging and conducive domestic economic data.

Malaysia’s international reserves also rose to US$100.5 billion (RM431.7 billion) on Aug 30, 2017 compared with US$100.4 billion (RM431.0 billion) on Aug 15, 2017

Najib, who is also BN chairman and finance minister, said the strengthening of the ringgit, as well as the country’s economic growth, showed that the policies adopted by the government were on the right track.

“And this gives greater positive impact and momentum to the country’s economy,” he added.

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Sektor pelancongan Malaysia merupakan salah satu seksyen yang utama dalam ekonomi negara. Sehingga kini, seksyen pelancongan merupakan sektor kelima terbesar negara selepas sektor perkhidmatan kewangan, kelapa sawit, borong dan runcit, gas dan tenaga, dan petroleum dengan menyumbang sebanyak RM36.9 bilion kepada Keluaran Negara Kasar (KNK).

Namun begitu pada peringkat awal selepas pasca kemerdekaan negara, kerajaan tidak memberi penekanan kepada sektor pelancongan. Kerajaan pada ketika itu lebih memberi tumpuan kepada pembangunan infrastruktur negara dan melawan ancaman communism. Selain itu, penyebab ancaman dari luar seperti konfrantasi dengan negara jiran turut menjejaskan fokus kerajaan pada ketika itu. Ia sekaligus melambatkan pekembangan sektor pelancongan di Malaysia.

Pada era tahun 1960, sektor pelancongan masih belum mewujudkan peranan yang utama terhadap perkembangan ekonomi nusantara. Kerajaan pada waktu itu memberi tumpuan kepada sektor hasil bumi seperti bijih timah dan getah. Sektor hasil bumi tersebut telah menyumbang sebanyak 45% kepada keluaran Negara kasar (KNK) pada tahun 1970.