Tuesday, 21 April 2020

Tengku Zahfrul. Are you sleeping

Is an ever green nursery ryhme . The song writer is unknown.


Tengku Zafrul, Are you sleeping? 

Morning bells are ringing!
Morning bells are ringing!
Ding, dang, dong.
Ding, dang, dong.




What is THISMr finance minister....Are you sleeping? For your information oil price has ALREADY  DECLINED  SIGNIFICANTLY  FROM OUR ESTIMATES .

Last but not least, finance minister when you put out a press release  make sure the layman can understand what you want to say.

Our calculation on the impact of lower oil prices have been factored into the deficit forecast of more than 4 per cent of GDP. This reflects the whole year's estimated deficit based on a CERTAIN level of oil price assumption. 

What is that CERTAIN level? Are we to guess. And what is our annual average estimate for oil? USD 50 to USD60 a barrel?


Below is the press release from the finance minister that raises more questions than it provides answers. 








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