RM14,000 debt on each Malaysian head

Image by Getty Images via @daylifeKUALA LUMPUR: It's Halloween week and horror stories are pouring out of the Auditor-General's 2009 report.
According to PAS information chief Idris Ahmad, the report has put every single Malaysian adult and child in debt!

He said Auditor-General Ambrin Buang's report that last year's debts stood at an all-time high of RM362.39 billion, simply meant that each Malaysian had a domestic debt of RM14,000.

"The A-G revealed that Malaysia had the highest debt of RM362.39 billion in five years.

"This debt – RM362.39 billion – means that all 26 million Malaysians carry the burden of owing RM14,000 each... and it's all because of the government's corrupt practices," Idris said.


He said the domestic debt last year was RM348.60 billion.

Idris said the chief secretary to the government had reportedly blamed the nation's losses, which stood at RM10 billion each year, on corruption.

"Is this the work of an effective government?" he asked, adding that Umno-BN was always proclaiming itself as the “best and wisest administrator”.

"But the A-G's report reflects otherwise... it's not surpising that Pakatan Rakyat states have to carry the burden of the national debts.

"The Pakatan governments have inherited these debts from the previous BN administration and have to settle them. Why? Because we took over a state and not a party," Idris said.

Citing Kelantan and Kedah, he said during the 12 years of BN rule in Kelantan it had accumulated RM740 million in debts. Since taking over the state, Kelantan has been clearing this debt.

"It's worse in Kedah. BN ruled Kedah for 51 years. When Pakatan took over in 2008, we inherited RM2.3 billion worth of debts," he said, adding that majority of voters didn't know the truth about the (financial health) of BN-ruled states.

Idris also said federal officers dealing with the Pakatan states are awed by how Kelantan, Kedah, Selangor and Penang have managed their finances and settled their debts to the federal government.

"The question now is, do we, the people, want to leave things as they are and allow our grandchildren to inherit a debt-ridden society and country?" he asked.
Source: www.freemalaysiatoday.com