He said Malaysia’s financial situation was not good as the government debt stood at RM1 trillion.

“We are still committed to fulfilling our election manifesto.

“However, we are facing huge debts and need to find stability in our finances before we can implement all our promises,” he told reporters at the launch of the Malaysian Global Innovation and Creativity Centre’s Global Accelerator Programme here, today.

He added however that the government could still meet its commitment to abolish the goods and services tax (GST).

“We have shown that even without GST, we are not bankrupt, and at the same time we can pay out the 1Malaysia People’s Aid to people in need.

“So give us some time to sort out our finances before we venture into our promises,” he said.