Towards a Sustainable Fiscal Position for Malaysia: A Proposal for Reform

The financial crisis of the last decade has brought to the fore many discourses on the stability of the financial system under the current interest rate regime and whether issuing more debts, that create further divergence between the financial and real sector of the economy, is a sustainable solution to the ensuing debt crisis that followed. Invigorating
economic development may need more than just achieving mere growth in GDP numbers and other mainstream macroeconomic key performance indic...