KUALA LUMPUR (Oct 21): Former deputy prime minister Tan Sri Muhyiddin Yassin is sceptical that the offerings under Budget 2017 would be achievable as Malaysia is in a weakened financial position, with deteriorating income. Muhyiddin, who had walked out of Parliament with opposition MPs when Prime Minister Datuk Seri Mohd Najib Razak was presenting the Budget 2017 earlier today, said Najib should have explained the method of financing of the Budget. “On the surface, Budget 2017 seems to make a lot of offerings, but the main issue here is that the nation’s source of income is deteriorating. Muhyiddin, who is also the member of parliament for Pagoh, went on to say that an explanation on how Budget 2017 will be financed is necessary to give the public confidence that the contents presented are feasible. During the tabling [of the Budget] in Parliament, a huge amount of money is always promised to ministries.

Source: The Edge Markets October 21, 2016 13:22 UTC