In the face of CIMB Group Holdings chairperson Nazir Razak's warning of global slowdown in the second half of the year, PKR said the BN administration's wasteful ways has left the country in a weak position.

"In an economic situation that is increasingly weak, it is certain the government needs to manage the country's finances prudently from the point of debt and fiscal deficit.

"The government needs to manage the finances well in order to be resilient (to global forces)."