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7th Rangers: Auditor-general: Malaysia can't keep borrowing money to service debt By Malaysiakini Team

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Auditor-general: Malaysia can't keep borrowing money to service debt By Malaysiakini Team
Thursday, October 06, 2022
Pay off debt or theft.... Borrow right and left... Pn-Bn gomen are daft.... Splurging rakyats money...not adept..... Let looters pay through their hooters with chin cleft... Rakyat taken advantage of in bereft.... Ge15 can be for Bn-pn ,a sinking raft - Loga


Malaysiakini : Auditor-General Nik Azman Nik Abdul Majid has warned that borrowing money to service debts can only be a short-term and temporary measure and that Malaysia needs to find a long-term solution to the problem.

"It is true that loans are always made to finance mainly development expenditure. "Only now, in this year and last year when there was Covid-19 that part of the loan was used to finance the government's fight against the pandemic and to stimulate economic generators to help companies affected by covid," Nik Azman (above) said in a press conference at the Dewan Rakyat today.

When asked how his department would advise the government on the matter, he said borrowing money must not be seen as a long-term solution.  "We understand the situation, but the only thing that we are worried about is that this increase in debt cannot continue.

"This means that it should only be for the short term. The government should take corrective action to probe this debt issue so that it can be controlled and made more manageable, which Public Accounts Committee (PAC) chairperson Wong Kah Woh has drawn attention to.”

Turnedback : Msia financial gone case, as what mentioned that new borrowing debts is to cover the interest of old debts.If Msia continued to service a bloated cabinet ministers and largest civil servants per population Gaji, Msia definitely will follow the path like Sri Lanka regardless who run the country. It is time to demand those corrupted politicians to cough out billion to save the country.

Krabian : Tell that to those superficial ketuanan blockhead and dependency addicts.

Cogito Ergo Sum : And our disgraced former PM insists he helped the nation. By stealing from it. What a catastrophe the number prisoner is. And yet, he has a huge following.

Dummies Dhimmi : Ketuanan Malay majority government is bankrupting the nation. If we can stem the steal by them, we may delay the demise. Its like Courts Mammoth those days when the establishment explained their business model is successful because Malays want pretty things and don't care if they end up paying 3 times the cost. Najib used this so that the rakyat will be forever paying off this theft.

Sealthedeal : Liquidate all Najibs assets and those of his family. Target the offshore holdings. Najib caused the financial mess. Make him pay for it and bankrupt him.

Kneazle : Until every man on the street starts to eats grass, only then they realized they have been had by these Ketuanan politicians.

WhiteIguana0272 : 1.7 billion was used to service 1MDB debt. Our inmate wants to return to parliament so he can represent his constituents. May we should ask all umno mps to donate 2 million each to the country's coffers since they were responsible for the state of nation.

MS : I guess this is exactly why the majority of Malays like and support all-Malay governments. Being in debt forever, borrowing more to repay old debts while continuing to splurge, live beyond one's means is so familiar to them.

And familiarity leads to fondness. Which also explains why financial prudence, savings, frugality, cut backs and living within one's means is so anathema...so non-Malay. It is a cultural thing. Not racial.

mosquitobrain : The country is in disarray and in a big mess created by BN-PN with a bloated cabinet (72 ministers with deputies) in auto pilot mode. This is what the Islamic party PAS, called a 'Ummah Unity' government run by clueless, corrupted and incompetent law breakers!

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posted by Major D Swami (Retired) @ 3:37 PM  
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