Connect with us

Social Stories

Malaysia Estimated To Pay Off 1MDB Debt By 2037, Amount Can Fund Perak & Kelantan For Years


My Post 1 2022 11 02T113135.375
Source: Ekonomi Rakyat | Twitter & Grant Corban

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

As of June 2022, the remaining debt commitments of 1Malaysia Development Bhd (1MDB) are as much as RM32.08 billion.

So, how long do you think our country is going to take to pay it all of?

In a video shared by the Ekomoni Rakyat Twitter page, Dr. Muhammed Abdul Khalid, who is part of the Malaysian Institute of Economic Research (MIER) Board of Trustees and is the former Economic Advisor to the Prime Minister, estimated that the debt will be paid off only in 2037.

Imdb 2

He shared, “People tend to not want to talk about 1MDB. Najib will come out from prison, if not pardoned, in 2034. 12 years, 2034. We will finish paying the 1MDB debts in 2037. We pay RM15 billion this year and next year we’re going to pay RM13 billion.”

That’s a total of RM28 billion for these 2 years alone 

“To put things into perspective, how much this money is, the budget for Perak that was passed by the state assembly this year is RM1.1 billion. In other words, if that (1MDB) money was not stolen, we do not have to finance Perak for 28 years,”

“Kelantan’s budget is also at about RM900 million, so if you add Kelantan and Perak, you don’t have to finance them for 14 years. That’s how much money we have lost, that’s on 1MDB alone.”


Additionally, he touched on the dissolved government’s actions of allocating RM17.8 billion on the reconstruction of Lembaga Tabung Haji, after the Muslim pilgrimage fund faced years of alleged mismanagement from the previous administration.

1Mdb 1

“And you have to remember this, why social stability matters, why everybody has to benefit. Why social coalition matters. When you ‘bail out’ Tabung Haji, it’s not Muslim money. It’s the Chinese’s money who go and bailed out, it’s the Indians’ money who go and bailed out, it’s the Malay money that’s went and bailed out, because it’s Federal money, the public’s money,”

“We did not take from Zakat to ‘bail out’ Tabung Haji. So, social coalition, like Sultan said like Asam Laksa, is very important,” he added, while emphasising that we must avoid corruption by practicing high moral values.

Stay tuned for more updates.


Also read: UMNO Pekan Lists Najib as One of Its Candidates to Defend Parliamentary Seat in GE15

My Post 1 2022 10 13T153938.243

Source: Sinar Harian

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Police Officer Killed By Falling Tree Police Officer Killed By Falling Tree
News19 hours ago

Police Officer Passes Away After Huge Tree Falls on His Vehicle While He Was Driving in Sabah

In these few months, many tree accidents occurred in the nation. Some were lucky enough to escape the accidents unharmed,...

Feat Image Zafrul Feat Image Zafrul
News19 hours ago

Zafrul: Weak Ringgit in 2023 Affected Malaysia’s Global Competitiveness Ranking, Will Improve This Year

Previously, we shared how Malaysia recorded its worst placement in the International Institute for Management Development’s (IMD) latest edition of...

Collage 7 2 Collage 7 2
News2 days ago

“We’re grateful for your support” – MBO Cinemas in PJ Mall Announces Sudden Closure Effective TODAY

Unfortunately, the COVID-19 virus has rendered some businesses to mellow down, including cinemas. Movie enthusiasts, however, will still rush to...

Collage 6 2 Collage 6 2
News2 days ago

“I’ve killed her” – Man Turns Himself in to PDRM After Murdering His Wife Who Wanted a Divorce

Sometimes, not all connections are meant to last. What we shall do (as tough as it is) is to pick...

Collage 2024 06 21T104144.669 Collage 2024 06 21T104144.669
News2 days ago

Study: Malaysia Scores 5.8/10 for Safety from the State in Human Rights

In a recent study, a global rights monitor found that Malaysians had less freedom to feel safe from their government,...

121212 121212
News3 days ago

Sultan Johor Sets Record with RM1.75M Bid for “FFF 1” Plate Number, Hopes to Benefit Rakyat!

On February 20th, His Majesty the King of Malaysia, Yang di-Pertuan Agong Sultan Ibrahim, made headlines by winning the bid...

My Post 1 2024 06 20T101046.427 My Post 1 2024 06 20T101046.427
News3 days ago

British Researchers Have Detected Signals That Could Lead to the Discovery of MH370

10 years after the disappearance of Malaysia Airlines flight MH370, new signs have popped up as British researchers detected signals...

My Post 1 2024 06 19T170718.079 My Post 1 2024 06 19T170718.079
News4 days ago

Pudu LRT Passengers had the Fright of Their Lives After Train Became Hot Due to Very Close Building on Fire

Imagine being on the LRT, like any other day, only for the LRT to suddenly be surrounded by heat and...


Latest Videos