The government has asserted the importance of increasing the debt ceiling to 65 percent of gross domestic product to have a wiggle room to finance the government's budget deficit in the medium term, including funding needs for the implementation of the 12th Malaysia Plan .
Finance Minister Tengku Zafrul Abdul Aziz said although the government's debt ceiling was raised to 65 percent, what was more important was the government's ability to repay the loan.Show your support for robust journalism Millions depend on Malaysiakini for the truth. Millions depend on Malaysiakini for quality journalism. Millions depend on Malaysiakini to stand in honour of integrity and justice.
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Current pension system is not sustainable anymore...we need a complete revamp of the civil service....
Not sustainable when Opex of 40% to 50% involves emoluments of ministers, MPs and civil servants...this needs to be addressed for the future of Malaysia
Think before going for debt ceiling increase, tightening of current operation expenses need to be looked at...during the lockdown a lot of opex was not executed...what happened to all this monies...this could have been savings...
A banker’s lens. People borrowing more is good. But it’s not too hard to understand. If we couldn’t repay, we suffer. Those who have offshore assets, for these, life goes on.
I'm no banker.......but increase debt does increase deficit right......confused
The govt wants to borrow more to finance the budget deficit? What kind of logic is that, tzafrul_aziz? What's next - more borrowings to pay interest on M'sian govt debt securities & bonds? Learn from S'pore. Borrow to fund critical infrastructure only!
But we still need to pay back isn't it. Where's the logic?
Stop that.
An educated minister and you'd think that a budget coming out of the pandemic would be one allocating more on real economic stimulation and less based on religious / racial interests.... but sigh, no! Political stupidity still trumps over common sense and economic smarts.
The rakyat money has to be spent prudently n with accountability.
Discrimination budget- SHAMEFUL BLOODY GOVT!! 😡😡
Ye laa dah 20billion kena byr hutang 1MDB mmg laa kena naikkan ceiling debt kalo tak mana nak dpt duit
Ya, so that can tax more to cover asshole debt. Btw, more debt wipe off, Luxury renovation , paying redundant ministry salaries....60%keep for people. Politicians grant the rest.
Raising debt ceiling also allows govt to spend like it’s their grandfathers money without accountability whrs all the billions stolen/ mismanaged via 1MDB ? Tabung Haji ? Mara ?
if the picture there is najbis, still ok to understand bcos he knows how to make money,but this onetheory only.its like phd doc in Uni.theory only, and the theory is coming from cambridge doc mostly populated by izraell. no offence .
Buy now, pay later. Who will pay later? Not my problem!
Bajet HamPAS!!! Dah cakap mantan CEO bank tak mesti nya layak jadi menkeu!! Bodoh, menyusahkan rakyat!! Letak jawatanlah woiiii!!!
These crooks are throwing too much chicken feed at their mafia gangsters who keep them in Putrajaya. That's why Rakyat need to fork out more and more money to pay for national debt. Why are Anwar Ibrahim-LKS-LGE-Mat Sabu not telling these crooks to stop throwing chicken feed?
Stop those idiotic subsides and stop the raising debt
Talking cock. U r raising d debt ceiling to fund more wastages and corruption only. In d end all Malaysians, except d corrupted ones, hv to pay for your evil budget!!!
GST must be re regimed if not govt coffer will run dry very soon..
Just getting Malaysia deeper into deficit and more debt!! Please let Rakyat know How long Rakyat need to pay back! Stop the stupid subsidy and raised cooperate tax for profit companies!
And keep us in debt for another generation. Spending without control is gonna make us bankrupt and the ringgit worthless
Yeahhh!!! Upaya berhutang kasi besar utk hidup mewah² dlm hutang Chantekkkk...
Raise it to oblivion 😍