Connect with us

News

Minister Suggests Malaysian Government To Borrow Money From International Banks

Published

Minister Suggested Malaysian Government To Borrow Money From International Banks - World Of Buzz

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

Most Malaysians are fully aware that our country is heavily in debt. In case you didn’t know, as of January 2017, Malaysia’s national debt stood at RM679 billion, according to National Debt Clock, and the number is ever increasing.

Despite the huge debt, deputy minister of Minister of Agriculture and Agro-based Industry (MOA), Datuk Seri Tajuddin Abdul Rahman was still suggesting that the Malaysian government to borrow more money from banks in order to upgrade the facilities at flood-prone area, Sinar Harian reported.

Minister Urged Malaysian Government To Borrow Money From Banks - World Of Buzz

Source: malay mail online

According to Sinar Harian, Tajuddin said that World Bank and Asian Development Bank would gladly provide loans to any countries that needed for national development. And the rakyat will end up paying the debt. 

“Back then when we were building up Felda, we too borrowed money from the World Bank. And then we paid them back slowly,” said Tajuddin. 

“So now our suggestion is that if the government does not have enough money, it too can borrow money from the World Bank or any other banks that provide loan,” added Tajuddin.

He also said that the government should take the flooding in the country seriously.

“As a member of parliament, I urge and beg the government to provide sufficient funding for this course even though it will cost a lot. We know the government is capable of executing mega projects, so the government must have the means to prepare such huge budget for this course,” commented Tajuddin. 

Moreover, every time there’s flood, the government will suffer billions of losses when crops and livestock are destroyed.

Minister Urged Malaysian Government To Borrow Money From Banks - World Of Buzz 1

Source: the journal

“As such, top leaders in Malaysia should view this problem as a national agenda and allocate sufficient funding to develop the rural areas. The government should remember that the farmers and the rural area residents are the supporters of Barisan Nasional and should not be missed out from development,” said Tajuddin. 

The notion of borrowing more money from international banks clearly has riled up Malaysian netizens as they slammed the minister for his irrational statement.

“It’s funny how the government doesn’t have enough money. Multiple taxes were abolished and new ones were introduced. And what did our government do with the GST money?” said a netizen.

“What a ridiculous statement! What about those who live in the states led by the oppositions? Are they not human?  Are those states not part of Malaysia? Are you just gonna help those who supported Barisan Nasional?” commented another netizen.

Should Malaysia really borrow more money from international banks? Also, the funny thing is – Najib just announced a few days ago that Malaysia will donate RM10 million to help the Rohingya refugees in Myanmar.

Also read: Malaysian Netizens Criticise Najib For Giving RM10M To Help Rohingyas

Malaysian Netizens Criticize Najib For Giving Rm 10M To Help Rohingyas - World Of Buzz 3

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



Just In

Dd Ft 17 Dd Ft 17
News19 hours ago

“I forgive him” – Father of 8yo Girl Fatally Struck Near Johor School Urges Public Not to Blame Van Driver

An 8-year-old student was fatally struck in front of Sekolah Kebangsaan (SK) Seri Maimon in Parit Sulong, Batu Pahat, Johor,...

Dd Ft 16 Dd Ft 16
News21 hours ago

8yo M’sian Girl Killed After Being Hit by Van in Front of Johor School, PDRM Detains 60yo Driver

A tragic road accident has taken place in front of a school in Parit Sulong, Batu Pahat, Johor, involving a...

Dd Ft 15 Dd Ft 15
News2 days ago

Woman in Kelantan Modifies Her Kenari to Hoard Extra Fuel & Misuses BUDI95, Gets Detained & Vehicle Seized

A 59-year-old woman was arrested yesterday (4 May) after being caught refuelling with subsidised petrol (BUDI95) at a service station...

Dd Ft 14 Dd Ft 14
News2 days ago

Wesak Day on Sunday & YDPA’s Birthday on Monday: So, Is Tuesday a Holiday? HR Ministry Clarifies

The Ministry of Human Resources (KESUMA) stated that the Federal Government has gazetted two public holidays: Wesak Day on 31...

Dd Ft 13 Dd Ft 13
News3 days ago

Legendary Malaysian Actor & Singer Jalil Hamid Passes Away Aged 69 at His Home

Veteran actor Jalil Hamid was reported to have passed away peacefully in his sleep at 12:30 PM earlier today (4...

Collage 2 Collage 2
News3 days ago

Elderly Married Couple Killed After Their Motorcycle Was Struck by Suspected Drink-Driver in KL

An elderly married couple was killed after their motorcycle was struck by a car that reportedly lost control along Jalan...

Dd Ft 12 Dd Ft 12
News3 days ago

PDRM Arrests Man in His 30s in Penang Over Facebook Post Insulting Sultan of Selangor

The Selangor Islamic Religious Council (MAIS) has strongly condemned the actions of the individual responsible for uploading an image that...

Collage Collage
News6 days ago

China Man Dies Hours After Being Sentenced to 1-day Jail, RM10k Fine for Dangerous Driving in Kedah

A Chinese national who drove against the flow of traffic and caused an accident in Sungai Petani, Kedah, has died...

Announcement

Latest Videos



TRENDING TODAY