No need kahhh to raise national statutory debt ceiling to above 65% of GDP

Posted by Income > 2023-01-26 20:53 | Report Abuse

Ahmad Maslan: No need to raise national statutory debt ceiling to above 65% of GDP January 26, 2023 16:37 pm KUALA LUMPUR (Jan 26): There is currently no need to increase the national statutory debt ceiling to more than 65% of gross domestic product (GDP), said Deputy Finance Minister Datuk Seri Ahmad Maslan. He said the government had already raised the statutory debt limit twice, from 55% to 60% of GDP during the Covid-19 crisis, and raised it again to 65% last year.

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8 comment(s). Last comment by Income 2023-01-27 10:11

Income

12,441 posts

Posted by Income > 2023-01-26 20:54 | Report Abuse

“The government’s debt is currently at RM1.5 trillion, including contingent liability, but the actual debt is at RM1.2 trillion, which is about 61% of GDP," he told reporters after the signing ceremony of a memorandum of understanding (MOU) between the Malaysian Small Entrepreneurs Chamber of Commerce and Uniti Asia Group of Business here on Thursday (Jan 26).

Income

12,441 posts

Posted by Income > 2023-01-26 20:57 | Report Abuse

I think this debts are not enough lah.
Better borrow more to spend. Make us all in Bursa prosper lah.
The government’s debt is currently at RM1.5 trillion, can increase to Rm2.0 to 3.0 trillion. Small matter lah. Our grandchildren can pay. No worries, be happy.

Zolan2020

449 posts

Posted by Zolan2020 > 2023-01-26 21:07 | Report Abuse

make it like japan la better. 200% debt to GDP. ok what. dont worry much. just go the moon... kib kih kih

DickyMe

14,892 posts

Posted by DickyMe > 2023-01-26 22:11 | Report Abuse

Debt is never good!
It is like living like a parasite; sucking other's people's blood and sweat without guilt.
Malaysia is blessed with innumerable natural resource which was plundered without any meaningful result for the people but benefitting the treacherous robbers.
Debt to GDP should not exist!

Income

12,441 posts

Posted by Income > 2023-01-26 22:31 | Report Abuse

You please tell me how to contain debts?
If gov doesn’t give handouts ( more debts) gov will be out of power???

DickyMe

14,892 posts

Posted by DickyMe > 2023-01-26 22:37 |

Post removed.Why?

Income

12,441 posts

Posted by Income > 2023-01-27 07:37 | Report Abuse

Giving handouts CANNOT BE STOPPED AGAIN AFTER JibKor started BR1M.

Income

12,441 posts

Posted by Income > 2023-01-27 10:11 | Report Abuse

The government’s debt is currently at RM1.5 trillion. Can spend to Rm3.0 trillion…

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