Carian mengenai topik austerity

The austerity measures announced by the government will not affect development projects that have been approved, said Minister in the Prime Minister's Department (Economy), Datuk Seri Mustapa Mohamed.

Saarani it was because these projects involved the state govt and which had already started and continuing these projects was not a problem.

The government is taking measures to save public expenditure by postponing or not continuing any project that has yet to commence.

A premature fiscal consolidation, therefore, is tantamount to placing the economy under a form of quasi-austerity.

Last December, Riyadh released a plan to abolish the deficit by 2020, cutting it from $79 billion or 12.3 percent of gross domestic product in 2016 via several steps.

The decree cancelled those orders, saying they had come as a response to the sharp drop in the price of oil, the main source of state revenues.

Spain's anti-austerity Podemos party sought on Sunday to draw a line under a recent internal conflict that has marred its image following its meteoric rise, as supporters voted to back Pablo Iglesias.

The upper house voted 53 to 16 to lock in the spending ceiling.

Petronas says it cannot meet dividend commitments due to the low crude oil prices that have strained the national oil company's financial performance.

Australian stocks rose 0.57 percent at the open Thursday after the Greek parliament backed austerity measures.

Greece may be facing more austerity for the next three years, its economy has fallen into even more of a hole now that its banks have closed and it's stuck with a currency that's too expensive for it.

Other Eurozone nations, led by Germany, are sceptical about Greece meeting austerity conditions attached to the loans, especially after Greeks in a referendum last weekend

More than 61 percent of Greek voters on Sunday rejected fresh austerity demands by the country's EU-IMF creditors in a historic referendum, official results from over 95 percent of polling stations.

Greek voters headed to the polls to vote in a historic, tightly fought referendum on whether to accept worsening austerity in exchange for more bailout funds that could see it crash out of the euro.

Nearly 10 million Greek voters will take to the ballot booths Sunday to vote 'Yes' or 'No' in a referendum asking if they accept more austerity measures in return for bailout funds.