The issue of Umno-BN Hide Household Debt In BNM Reporting

KUALA LUMPUR, October 29 - Umno-BN government tried to hide the disclosure statement Bank Negara Malaysia (BNM) in 2009 in relation to household debt increased significantly to 76.6% from 63.9% of Gross Domestic Product (GDP) is at RM389 billion.

According to the Kuala Selangor MP Dr Dzulkifly Ahmad said the report, it has put the country at the highest level in Asia in terms of household debt obligations. "

"More worrying, Budget 2011 did not directly mention any concrete steps to address the problem. " "BNM Governor Tan Sri Dr Zeti Akhtar Aziz has said that they were prepared with a variety of institutional measures to be prudent debt levels above. ""He also mentions that signs of inflationary pressures arising from spending has not looked for any immediate and appropriate intervention to increase the rate float (OPR).

According to Dr Dzulkifly, so far Banking and Monetary Indicators Report BNM Institute of Economic Research (MIER) showed household loans in the April to June this year respectively at 10 percent, 11.7 percent, 12.5 percent, 11.9 percent and 11.8 percent. "

"The Credit Counseling and the National Debt Management Agency (AKPK) were recorded last year, nearly 50 percent from 3000 who came to engage in likungan AKPK is generally 30 to 40 years. "AKPK also revealed 15 percent of those involved are in the range of 20s.

29/10/10

No comments: