Fitch thinks unity govt. is ok for now but underlying tensions can’t be ignored

Fitch thinks unity govt. is ok for now but underlying tensions can’t be ignored - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Fitch thinks unity govt. is ok for now but underlying tensions can’t be ignored, We have prepared this article well for you to read and take information in it. hopefully the contents of the post what we write you can understand. Alright, happy reading.

KUALA LUMPUR — Aug. 15, 2023: The unity government is seen as being stable for now but results of the recently concluded six state elections appear to likely antagonise underlying tensions between the partners.Rating agency Fitch is of the view that the results from last Saturday which strengthen the position of the opposition Perikatan Nasional and clips further the wing’s of unity partner the Barisan Nasional may pose pressure on Prime Minister Datuk Seri Anwar Ibrahim and his government’s attempt at fiscal consolidation.Fitch said that while Anwar’s Budget 2024 will try to rationalise subsidies, this attempt may exacerbate inflation — a source of public discontent ahead of the state elections.“The election outcomes could encourage the government to prioritise other aspects of the Madani agenda, such as those focused on containing living costs, raising wage growth and improv…