Latest news with #Lim Hui Ying

Malay Mail
9 hours ago
- Business
- Malay Mail
Deputy minister: Boeing aircraft deal won't push up national debt
KUALA LUMPUR, Aug 19 — The second phase purchase of Boeing aircraft valued at US$9.5 billion (US$1 = RM4.22) will not impact Malaysia's debt levels nor affect its fiscal deficit, said Deputy Finance Minister Lim Hui Ying. Lim said that the aircraft purchase is part of the plan outlined in the 13th Malaysia Plan (13MP). 'At present, everything is within our expectations,' Lim said during a question-and-answer session in the Dewan Rakyat today. She was responding to a supplementary question from Datuk Nik Muhammad Zawawi Salleh (PN-Pasir Puteh), who asked about the government's contingency measures to control the national debt burden after Malaysia committed to buying aircraft from the United States (US. In response to Nik Muhammad's initial question about the government's justification for allowing the national debt to remain high amid geopolitical uncertainties, Lim stated that the increase in government debt is due to the need to finance the fiscal deficit to cover development expenditures (DE). 'This financing will directly increase the government's debt level as long as the government's financial position remains in deficit,' she elaborated. Lim also clarified that the government does not rely solely on debt to finance DE, which is also funded by various other sources such as tax revenue and non-tax income. 'To date, the government has never borrowed beyond the statutory limits allowed under the relevant federal government debt laws. As of the end of June 2025, Malaysia Government Securities, Government Investment Issues, and Malaysian Islamic Treasury Bills stand at 62.7 per cent, which does not exceed the 65 per cent Gross Domestic Product (GDP) limit set under Act 637 and Act 275,' she said. Lim added that offshore borrowings amounted to RM22.8 billion and remained below the RM35 billion limit set under Act 403, while Malaysian Treasury Bills totalling RM2 billion are within the RM10 billion limit set under Act 188. — Bernama


Free Malaysia Today
28-07-2025
- Business
- Free Malaysia Today
No registration for RM100 cash aid, beware of scams, warns govt
Deputy finance minister Lim Hui Ying said the ministry has received complaints about fake links and messages claiming that registration is required to receive the cash aid. (Bernama pic) PETALING JAYA : The government has urged the public to be cautious of scams and other fraud attempts over the one-off RM100 cash assistance under the Sumbangan Asas Rahmah (SARA). Speaking at an event in George Town, Penang, today, deputy finance minister Lim Hui Ying said the assistance does not require any application or registration whatsoever, Bernama reported. She said the amount will be credited directly into the MyKad of all Malaysians aged 18 and above starting Aug 31. 'We have received numerous inquiries about how to register for the RM100 SARA assistance. There have also been complaints about fake links and messages claiming that registration is required to receive the aid. 'These claims are false and dangerous. Do not click on any such links, they are scams. 'I want to stress that there is no need to apply or register for the RM100 cash aid, as it will be automatically credited to the recipients' MyKad,' she said. Lim, who is the MP for Tanjung, reassured the public that there is no cause for concern as everyone aged 18 and above will receive the cash aid. 'Only if they do not receive it after Aug 31 will we take further action and inform them accordingly,' she said. On July 23, Prime Minister Anwar Ibrahim announced several major initiatives by the government, including the one-off RM100 cash aid, the postponement of toll rate hikes on 10 highways, and a drop in the price of RON95 fuel to RM1.99 per litre. Lim also said the government is open to considering the inclusion of wet goods such as chicken, meat and fish under SARA. 'We continue to listen to feedback and suggestions regarding the list of items under SARA. There have been proposals to include wet items such as fish, meat and chicken. We will consider expanding the list when the time is right,' she told reporters. She said the government expanded the SARA initiative on May 1 to include household cleaning products, such as laundry detergent and dishwashing liquid. These are in addition to the existing categories covering basic food items, medicines, school supplies, and personal hygiene products. Their inclusion increased the number of product categories from 13 to 14, covering 90,000 types of goods. This decision was based on feedback received during the implementation of SARA earlier this year, she said.