Mahathir warns many figures on Malaysia's financial position are false
[KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad said on Thursday many of the figures recording the country's financial position may be false, but he did not offer any evidence or say which data he was referring to.
"Regarding the numbers indicating our financial position, I realise many of these figures are false," he told a news conference. "So we need to determine how much of it is inaccurate."
Dr Mahathir made the comment in response to a request for a fresh forecast on Malaysia's economic growth. But it was not clear what numbers he was referring to.
His spokesman did not immediately respond to further queries.
The central bank, finance ministry and the Department of Statistics - all of which report data - did not immediately respond to requests for comment.
Dr Mahathir won a historic election last week, defeating Najib Razak and his Barisan Nasional coalition, which had governed the country over 60 years.
The country's central bank on Thursday reported that economic growth slowed to 5.4 per cent in the first quarter of 2018, compared with a year earlier, leaving the new government with the task of turning around an economy that has decelerated for two consecutive quarters.
In his first week back in office, Dr Mahathir has announced moves to effectively scrap a goods and services tax - a significant source of government revenue - introduced by Mr Najib, reintroduce a sales tax, and review various projects signed off by the previous government.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons