Answering A Kadir Jasin’s “Kewangan Kerajaan Pusat genting”
LSS Report
Yesterday, I had posted a reply to the irresponsible fake “Tun Daim” whatsapp message that is circulating. I had pointed out that the message sole purpose seems to be spreading lies to incite hatred and fears about the economy which would stop people from spending and investing – a self-fulfilling prophecy that if left unchecked, will cause damage to our economy.
Today, yet another stalwart of Mahathir has published an article in Sinar Harian that also seems to have the same purpose as the “Tun Daim” message.
A Kadir Jasin, a long-time Mahathir supporter, said that Malaysia’s government debt had increased from RM250 billion in 2010 to RM656 billion in June this year.
Well, A Kadir is wrong. The govt debt in 2010 is RM407.1 billion or 53.15% of our GDP. How can Kadir make such a shocking mistake or was he trying to deceive?
Even at RM656 billion, our government debt is still within the 55% debt to GDP ratio limit as our economy has expanded since 2010.
Does Kadir also realise the size of Malaysia’s GDP/economy today is almost 3 1/2 times the size of what it was when Mahathir retired in 2003?
