Calculated move for second Samurai bond, says deputy finance minister

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Amiruddin: Government considers forex rate, financing cost before finalising loans.        

The government will always take into account the foreign exchange rate as well as the financing cost before finalising the second Samurai bond issuance, said Deputy Finance Minister Amiruddin Hamzah.“The government’s financing requirements are obtained through the issuance of government bonds andfrom local and foreign sources, in line with the financial procedures set according to the terms in the Loan Act 1959, Funding Act 1983 and External Loans Act 1963.

Amiruddin said the development expenditures covered projects and programmes including schools, hospitals, infrastructure, and providing access to utilities. Amiruddin said the government’s debt commitment would be made based on plans formulated earlier, besides simultaneously redeeming the old debt. Amiruddin said from January to August this year, the debt issuance amounted to RM102.2 billion, while debt redemption during the same period totalled RM38.8 billion, giving a net issuance of RM63.4 billion.

 

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A nation shocked by guanenglim revelation of 1 trillion debt, Malaysians came together answering Tabung Harapan's plea. Today, tabung empty and Samurai at round 2 ; and still proceeding with ECRL and free breakfast billion$$$ ? I am no Accountant, but I know how to calculate

tambah hutang, aset jual wangnya kemana ? ph bakal mewariskan hutang yang banyak dan kehilangan aset kepada generasi akan datang.

mahathir's de facto finance minister

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