The supervision will be increasing a volume of federal liabilities by guaranteeing a whopping RM2.5 billion debt by Malaysia Airlines, warned DAP secretary-general Lim Guan Eng.
The sukuk programme announced by a inhabitant carrier will further display typical Malaysians to higher debt risks if a carrier does not use its debt requirements, Lim, who is also Penang arch minister, said in a matter yesterday.
The volume of government-backed debt stood during an strange RM96.9 billion in 2010, a 14.9 percent enlarge from RM84.3 billion a year before, Lim said. The figure for 2011 is still not available."If contingent liabilities have been included, a government's debt bearing will enlarge by RM97 billion in 2010.
"Malaysians contingency recollect that there is a day of reckoning for debts borrowed to be repaid.
"Ultimately, a typical people have been a ones to pay for all these debts, particu! larly wh en Malaysia goes bankrupt," said Lim, who is a trained accountant.
Earlier, Malaysian Reserve reported that a MAS sukuk was expected to be government-backed as neither Ratings Agency Malaysia (RAM) or Malaysian Rating Corp Bhd (MARC) have been involved in a rating exercise.
Government debt ballooning
Lim said that on top of a MAS sukuk, a supervision was also guaranteeing a RM2.24 billion loan for a West Coast Highway as well as during least RM20 billion for a Klang Valley MRT project as well as multiform alternative projects.
"These loan guarantees have been debt exposures to a federal supervision that contingency be enclosed in a total debt figures," he said.
On Tuesday, Prime Minister Najib Abdul Razak vowed to top a federal debt during 55 percent of GDP as well as revoke a bill deficit, that last year stood during 4.7 percent of a GDP. Read More @ Source
More Barisan Nasional (BN) | Pakatan Rakyat (PR) | Sociopolitics Plus |
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
No comments:
Post a Comment