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Najib Claims PN Govt Borrowed RM11.5 Billion From Bank Negara Within 10 Working Days

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My Post 2021 08 10T174951.128
Source: The Edge Markets & eNanYang

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It’s no secret that money (unfortunately) makes the world go round.

And in Malaysia, this sentiment seems to be emphasised as some Democratic Action Party (DAP) Parliament Members have stepped forward to claim that the Perikatan Nasional (PN) government offered them bribes in exchange for their support.

Now, former Malaysian prime minister, Najib Razak, is taking to his Facebook page to insinuate the PN government of foul play, after they allegedly borrowed about RM11.5 billion from Bank Negara in the span of 10 working days.

Pn Borrow Money 1

He wrote, “They are borrowing money as fast as they can like it’s the end of the world.”

Najib showcased documents from 27 July, 3 August and 9 August 2021, which alleges that the PN government had borrowed RM5.5 billion, RM4 billion and RM2 billion respectively.

“Why are they in such a hurry to borrow? What’s the rush?” he asked.

If this were to be true, then it wouldn’t be the first time this year that the PN government is borrowing large sums of money.

Pn Borrow Money 4

According to a report back in June by Sinar Harian, Finance Minister, Tengku Datuk Seri Zafrul Abdul Aziz, shared that the government was going to borrow up to RM35 billion from within the country to fund economic stimulus initiatives through the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the National Economic Regeneration Plan (Penjana).

And if Najib’s accusations are true, we wonder what the money is going to be used for.

Stay tuned for more updates. 

 

Also read: Study: 75% Of Malaysians Believe The Country’s Economy Is Rigged To Benefit The Rich

My Post 2021 08 10T161348.581

Source: Najib Razak
Source: Sinar Harian


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