tag:blogger.com,1999:blog-6297413898275266606.post3077194365403039656..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Mythbusting: Government Debt Editionhishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger54125tag:blogger.com,1999:blog-6297413898275266606.post-23594858471925880692016-09-06T12:28:01.942+08:002016-09-06T12:28:01.942+08:00Hello Everybody,
My name is Mrs Sharon Sim. I live...Hello Everybody,<br />My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honestDr Purva Piushttps://www.blogger.com/profile/05883980841903455890noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-17736422233061839082012-09-07T18:26:32.286+08:002012-09-07T18:26:32.286+08:00i like the way you write...keep up the good work!i like the way you write...keep up the good work!michael rosehttps://www.blogger.com/profile/18347489626540483460noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-76321292046029909182012-08-27T12:29:43.198+08:002012-08-27T12:29:43.198+08:00Sorry, for the late reply, I'm just back from ...Sorry, for the late reply, I'm just back from the Raya break.<br /><br />Short answer: yes, it does. The <a href="http://econsmalaysia.blogspot.com/p/faq-on-malaysian-government-debt.html" rel="nofollow">FAQ</a> addresses the more specific concerns.<br /><br />Pak Sako did make one error - Fitch did not say that Malaysia's finances are "at the same level" as Italy's, they hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-16441248509326374582012-08-23T22:48:32.474+08:002012-08-23T22:48:32.474+08:00http://www.themalaysianinsider.com/sideviews/artic...http://www.themalaysianinsider.com/sideviews/article/ideology-and-debt-a-reply-to-dr-mahathir-pak-sako/<br /><br />So, does your post address this insider posr as well?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-82110349350738906102012-08-16T14:13:11.908+08:002012-08-16T14:13:11.908+08:00Warrior,
Selamat Hari Raya, and may you have a sa...Warrior,<br /><br />Selamat Hari Raya, and may you have a safe journey.<br /><br />I'll save my comments for your return.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-81473258023874524712012-08-16T12:08:06.878+08:002012-08-16T12:08:06.878+08:00eyelid which even any esoteric
should read....
e...eyelid which even any esoteric<br /><br />should read....<br /><br />eyelid something which even any esoteric<br /><br />2. and before anyone gets ideas, Fatimah ...the the Fatimah Mausoleum in Qom<br /><br />Warrior 231 (forgot this in above)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-10189409070101686062012-08-16T11:57:32.655+08:002012-08-16T11:57:32.655+08:00“My contribution to your education today :)”
Than...“My contribution to your education today :)”<br /><br />Thanks but no thanks, man. That long explanation is old news to me. You need not have taken the trouble, just cut and paste this from your 8.18am:<br /><br />“……. and not just expenditure, I was actually thinking more in terms of levying taxation.”<br /><br />And voila! you could have clarified:<br /><br />"one policy option that could Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-42850166746800725622012-08-14T00:05:56.387+08:002012-08-14T00:05:56.387+08:00Wow..i am in the select 1% too?Certainly don't...Wow..i am in the select 1% too?Certainly don't feel rich.Can afford most gadgets ..not many Euro cars and certainly not most prime area properties.That must be reserved for the select 0.1%?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-62058039045743192512012-08-13T16:03:42.892+08:002012-08-13T16:03:42.892+08:00[cont]
4. With respect to Japan:
Impact of unres...[cont]<br /><br />4. With respect to Japan:<br /><br />Impact of unrestricted submarine warfare:<br /><br />http://www.navy.mil/navydata/cno/n87/history/pac-campaign.html<br /><br />Impact of US Strategic Bombing:<br /><br />http://www.anesi.com/ussbs01.htm#eeoaaatj<br /><br />If you haven't read through it already, please read <a href="http://econsmalaysia.blogspot.com/p/hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-30996830193275799792012-08-13T15:59:16.441+08:002012-08-13T15:59:16.441+08:00Warrior,
1. GST is slated to replace SST. Indicat...Warrior,<br /><br />1. GST is slated to replace SST. Indications are that they are thinking of a 4%-6% rate for GST, compared to the current 5% + 10% for SST. An income tax cut will only benefit somewhat less than 10% of the labour force, so I don't see the the need.<br /><br />2. My contribution to your education today :)<br /><br />From a macroeconomic perspective, a public deficit (public hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-67663871515325925442012-08-13T11:30:36.323+08:002012-08-13T11:30:36.323+08:001. "How do you figure GST is a double penalty...1. "How do you figure GST is a double penalty, when it will result in mostly lower retail prices?"<br /><br />Reply: I was thinking more in terms of high personal taxation coupled with a newly introduced GST which would tantamount to a 'double penalty' in plain-speak but apparently does not if viewed from an econspeak.<br /><br />a.For the tax-paying population, there is a Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-51640795848208377092012-08-13T08:28:00.601+08:002012-08-13T08:28:00.601+08:00Warrior,
P.S. thanks for the link, nice readingWarrior,<br /><br />P.S. thanks for the link, nice readinghishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-20963105087977476022012-08-13T08:24:17.707+08:002012-08-13T08:24:17.707+08:00@anon,
Cut your figure by about 40%. and make it ...@anon,<br /><br />Cut your figure by about 40%. and make it before tax.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-65352342497528587062012-08-13T08:18:53.865+08:002012-08-13T08:18:53.865+08:00Warrior,
1. There's more than one way to meas...Warrior,<br /><br />1. There's more than one way to measure debt sustainability, and there's little consensus on which particular methodology is the "best".<br /><br />2. With respect to India, you're imputing causality when there is none. India's low growth rate pre-1990s can be put down to autarkic policies, which were reversed in the 1990s (hence India's current hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-74946728672537597812012-08-13T00:47:48.984+08:002012-08-13T00:47:48.984+08:00Wats the threshold to be in Top 1% income househol...Wats the threshold to be in Top 1% income household?Thats about 80,000 households ..very select group by any means.I hazard a guess that 400k per annum after tax wld be minimum to be in this groupAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-88082974763953198922012-08-11T15:47:35.347+08:002012-08-11T15:47:35.347+08:00Part 1
1. Any measure of public debt sustainabil...Part 1<br /><br />1. Any measure of public debt sustainability would be easily evidenced by testing the relationship between public debt and primary fiscal balance with a positive reading a necessary indicator of sustainability if the debt/GDP ratio is high . (Bohn.H)<br /><br />Bohn.H., “The Sustainability of Fiscal Policy in the United States” available for free online reading at http:Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-51058319003962556232012-08-11T02:12:29.387+08:002012-08-11T02:12:29.387+08:00HuaYong,
One of the good things that has come out...HuaYong,<br /><br />One of the good things that has come out of the "handouts" under the BR1M program is the government now has a good database on families earning less than RM3000 per month.<br /><br />My preference would be to abolish the petrol subsidy, but replace it with a petrol voucher system for those in the lower income brackets(say RM1000-2000 per year per family, graduated hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-83188053868789699632012-08-10T21:45:56.108+08:002012-08-10T21:45:56.108+08:00“Worse, more than half of petrol subsidies benefit...“Worse, more than half of petrol subsidies benefit high income families.”<br /><br />I don’t know what is your definition of high income, even if that is true, what is the better way to subsidies the other half? What is the impact to remove the subsidy base on current situation, I suspect the so call high income families have more option to change their spending habit and lifestyle to suit, but IHuaYongnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-41602422567048836902012-08-09T10:06:35.000+08:002012-08-09T10:06:35.000+08:00Warrior,
With respect to your other points, it...Warrior,<br /><br />With respect to your other points, it's actually sufficient to remove subsidies alone. Outlay this year is expected to be about RM30b, but this does not include gas subsidies paid by Petronas. If you add that in (assuming the gas subsidies are then redirected towards dividend payments to the government), the deficit disappears, and you still have about RM10b-12b to play hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-61996959028210780412012-08-09T09:28:11.696+08:002012-08-09T09:28:11.696+08:00Warrior, you're getting closer to appreciating...Warrior, you're getting closer to appreciating the truth:<br /><br />1. Higher public expenditure does indeed create higher GDP, and thus makes for a better looking debt to GDP ratio. But in this scenario, higher public expenditure also creates higher revenues at the same time. In fact the elasticity of revenue with respect to GDP for Malaysia is greater than unity, something I suspect is hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-51335662549722862122012-08-09T02:41:28.398+08:002012-08-09T02:41:28.398+08:00We need the MRT..thus whatever it cost is immateri...We need the MRT..thus whatever it cost is immaterial.And even at this late stage,there is no budget,no funding plan,no fare structure its perfectly ok.<br /><br />What we need is a Public Transport that provides the best coverage and service with the most cost effective capex.<br /><br />Of course you guys will never appreciate that difference.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-76031254958669073322012-08-09T01:30:22.228+08:002012-08-09T01:30:22.228+08:00Some overdue corrections:
1.Malaysia's is 246...Some overdue corrections:<br /><br />1.Malaysia's is 246% meaning we just use ALL the revenue to pay off the debt without expending it on anything else including salaries.<br /><br />should read<br /><br />Malaysia's is 246% meaning we just use ALL the revenue to pay off the debt without expending it on anything else including salaries for 2 and 1/2 years........<br /><br />2. Ariff and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-68587263990499882392012-08-08T19:41:51.308+08:002012-08-08T19:41:51.308+08:00And one for the road, lest everyone thinks i have ...And one for the road, lest everyone thinks i have embraced rating agencies. Nope I havent, I think they have a hidden agenda. The case in point being the US and to a lesser extent Israel but then again i digress. <br /><br />Just to pique everyone;s interest, maybe giving the economic reins to people like Anwar, Tony Phua, Rafizi et. al would be a disaster in the making.1998 says much about AnwarAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-80910490366105000442012-08-08T19:26:11.969+08:002012-08-08T19:26:11.969+08:00Part 1
I thought you were away in Mecca hence my ...Part 1<br /><br />I thought you were away in Mecca hence my reticence from clicking the link provided in RB(where I cyber-hangout pretty often)which was stuck on this post. Apparently, I misread your intention as you were obviously hunting for a haj package not Umrah.My mistake again.Apologies. <br /><br />Anyway, salam berpuasa again. A few observations:<br /><br />1. the measure of using debt Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-6508758890590035422012-08-08T16:49:22.332+08:002012-08-08T16:49:22.332+08:00unfortunately that is how we talk about the econom...unfortunately that is how we talk about the economy in malaysia, politics dipped in sens! what about the new report from fitch?Anonymoushttps://www.blogger.com/profile/10040958670969608423noreply@blogger.com