We'll borrow to finance billion ringgit projects, says Mustapa

The government says it will take up loans to finance such projects as the Pan Borneo Highway.

Minister in the Prime Minister’s Department Mustapa Mohamed said these loans will allow the government to pay for these projects. He was replying to Tajuddin Abdul Rahman , who asked how the government would finance these mega projects. Mustapa said the projects would boost connectivity and spur the economy by increasing the number of jobs.

AMKJohor National Debts is already more than Ringgit 900 billion. Borrow more? ... Why not! Let's bankrupt the nation!!!

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Zafrul: No 'knee-jerk' market reaction to Fitch downgradePARLIAMENT | The market and ringgit remain stable, says finance minister. The cost of debt will rise and future debt raising will suffer. Foreign direct investment will be affected as investors will view this development negatively and it will weaken the currency. We need policies and actions to improve the situation instead of nonsensical statements. Explain the why we have capital outflow.
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