Malaysia can’t keep borrowing to service debt, says auditor-general | The Malaysian Insight

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Malaysia can’t keep borrowing to service debt, says auditor-general

Auditor-General Nik Azman Nik Abdul Majid says Putrajaya's current move of constantly increasing the country's debt cannot continue. – The Malaysian Insight pic by Afif Abd Halim, August 24, 2020.

BORROWING money to service debts can only be a short-term and temporary measure, said Nik Azman Nik Abdul Majid. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!


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Guess, can't be help as National Coffer had been ripped by individual whom rakyat had given mandate to lead the country but in the end say to say he's the crook of the centuries. Even to date both husband and wife had not paid the fine imposed

You are right

Tax the rich lorr... You can't tax the poor anymore. Nobody had the money for government's excess. Tax your rich business friends, tycoons

Baru sedar?

Maybe we should ask these useless rent seeking cronies to give back all the loots.

That’s how the umnobn government governing the country. Like using the credit cards money to pay for the credit card debts….🤦🏽‍♂️🤦🏽‍♂️🤦🏽‍♂️

Just like living with borrowed money thru credit cards and getting new credit card to service borrowing from present credit cards and soon unable to service all cards then need to declare bankruptcy. Be a realistic leader and not just a politician.

Malaysia is sinking. Berhutang untuk bayar hutang!

PackRagu Restitution by the people against the kleptocrats. Why wait? Make sure those who plunder pay every dime of it. Why are they still enjoying the luxurious lives whilst rakyat is made to repay the dent the created!?

Any many question why the country has a huge talent/brain drain. I'm worried for the future of my kids n theirs😕

Living on borrow time.

Well, if people vote the sakau gang back, serves the country right for going deeper into debt.

Awesome audit finding, iam touched !🤔so whats the MOF Minister explanation and action for this ?.Maybe he will say tunggu lah PRU 15 nanti baru tengoklah!

Zafrul kn bebal soooo

WanAbdRahman They can't go into business either. So what's the option? Cut cut cut! Conserve!

We been doing that for the past 25 years and will likely do so next 5 years at least. Issue is how do we raise revenue, cut opex? Tax revenue to GDP of less than 11% while GST itself is a regressive tax. We need structural reforms. Otherwise we are just going downhill

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