Malaysian govt still needs to cover RM17b shortfall to repay 1MDB debts, says finance minister | Malay Mail

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Malaysian govt still needs to cover RM17b shortfall to repay 1MDB debts, says finance minister

KUALA LUMPUR, March 14 — The government still needs to cover a shortfall of RM17 billion to repay the remaining balance in principal and interest of 1Malaysia Development Bhd’s debts totalling RM38.8 billion for the 2023 to 2039 period, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz today.

“At the same time, the trust account still has a balance of RM15.76 billion and is not sufficient to settle all 1MDB’s principal loans,” he said when winding up the debate on the motion of thanks for the Royal Address for the Ministry of Finance at the Dewan Rakyat today. “This means that the government still have to cover the shortfall of RM17 billion to repay the principal loan and interest of 1MDB amounting to RM38.8 billion for 2023 to 2039,” he added.

“Following the financial problems faced by 1MDB, the government from April 2017 till November 2021 had channelled financial assistance in the form of loans or advances totalling more than RM10 billion via the ministry and Minister of Finance companies for the repayment of 1MDB’s commitments and interest on loans,” he added.

 

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Boo hoo hoo.! Rakyat knows. Only that convicted felon said otherwise. And Rakyat knows why. 🤬

We’re still waiting for his explanation in Parliament tho since Johoreans recently were oblivious to this shortfall. 🤷🏽‍♂️

Use KWAN la..you were digging it last year right..PODA

Apa malu

But that Cibai kia said we didn’t use duit rakyat!

Thank you NajibRazak

Hahaha....

SyedSaddiq Kwsp mana KERAJAAN.

There are two sides on the balance sheet. One side liabilities the other assets. You hv to look at the balance sheet as a whole. What is its net worth? Is there a surplus or shortfall. Don’t b a novice la, mr big banker. Don’t think the ppl are stupid. Mahiadin boleh ko klentong

Tak halal my tax money to pay for this ! tzafrul_aziz IsmailSabri60 see you in another life !

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 /  🏆 1. in TH

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