Rafizi pronounced a RM43 billion which Najib had cited was an exaggeration of a actual PTPTN debt burden. File pic
Party strategic executive Rafizi Ramli pronounced a RM43.6 billion figure quoted by a budding apportion represented all approved loans as well as not a real volume disbursed.
This was given not all students whose loan applications were approved actually used a facility, he pointed out.
Dont try to confuse people... The budding apportion was clearly [misleading] when he pronounced RM43.6 billion, he pronounced during a forum upon PTPTN during Quality Hotel here.
Rafizi estimated which a sum of RM27.5 billion in loans have been disbursed as of 2011 based upon a RM24.9 billion given out as during end-2010, as well as which this volume would be reduced to RM24.7 billion after last years repayments.
He described this as a docile sum which can be covered by a supervision via phased repayments over a subsequent decade or so.
We can emanate holds for a RM24.7 billion... There have been copiousness of mechanisms as well as choices accessible to a government.
We can refinance. Its not a complaint to compensate off a RM24.7 billion over a duration of 10 years, he said, stressing which getting rid of PTPTN did not mean emptying out a bank accounts tomorrow.
PTPTN loans could additionally be paid off using state oil organisation Petronass contributions to a governments coffers, which totalled about RM60 billion per year, Rafizi said.
He pronounced if usually RM2 billion from Petronas was set aside each year to compensate for a loans due to a government, these can be staid in about a decade! also.
Within 10 years, you can compensate a RM24 billion. Simple. RM2 billion from RM60 billion is about 3 per cent... Its no complaint whatsoever, he said.
RM2 billion, in a grand intrigue of things financially, is really small. The numbers strengthen a dignified case opposite BN (Barisan Nasional) who have refused to wipe out a RM24 billion.
Those who have already repaid a portion of their loans will additionally be given a partial rebate, a commission of which can be bound during a later stage, Rafizi added.
But he noted which even if each sen had to be repaid it would usually volume to RM2.8 billion, which is how most has been paid behind to PTPTN given a funds inception in 1997.
The opposition Pakatan Rakyat (PR) pact has pledged to yield free preparation to all eligible Malaysians should they come to federal power as well as has additionally betrothed to annul PTPTN.
The Najib administration, however, has charged which such a process will bankrupt a nation.
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