Putrajaya will have forked out RM5.1 billion his year and next to pay debts taken out by 1MDB and its former subsidiary SRC International Sdn Bhd, which was allegedly misappropriated under the previous government, said Finance Minister Lim Guan Eng.
The amount is expected to balloon in future when bonds taken out by 1MDB mature in 2022, and the entire principal must then be repaid. "Mahathir spoke the truth when he said it was a miracle Malaysia did not go bankrupt as a result of the damage done by the previous kleptocratic regime which treated national funds as their own.
Despite the challenges, Lim said the new government is still able to fulfil its obligations to develop the country and take care of the welfare of the people.
It's strange that we still talked about the 'alledged' embezelment/disappearance of billions of RM when the gov't is re-paying the interest on these with REAL MONEY! IS THIS A JOKE? And there are FOOLS WHO believed that 1MIDB has assets when theY are as imaginary as that of IPIC
1MDB has RM52 bil worth of assets
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