Ping Chew
Ping Chew
budget deficit effort reduction
The budget should put the country's deficit reduction effort back on track.
burden considered debt keeps rating revenue upgrade
A rating upgrade can be considered only if the debt burden keeps reducing, not just through revenue growth, but also through expenditure improvement.
bad chances future loans ratings reforms
If the reforms become entrenched and future bad loans are reduced, then there are chances of the government's ratings being upgraded.
gradually improving positive
Generally, (Indonesia) is still gradually improving. When we had the positive outlook, we thought it was improving faster.
ability financial india investment poorest position
India has the poorest financial position but it has the ability to consolidate and be investment grade.
inflation interest lower necessary unlikely
It's probably one of the necessary conditions. If you don't have inflation falling, it's unlikely that authorities could lower the interest rate.
ability critical fiscal front improve limiting pension position present remains revenue spending
The fiscal position has to improve not just from the revenue front but also the expenditure side. At present, India's expenditure remains rigid, with spending on interest, salaries and pension limiting ability to spend on other critical areas.
china invest money
If you look at what most other money going into China is earning, it is not that inefficient. If you don't invest in U.S. bonds, what do you invest in?