Malaysia's $350 Billion Debt Crisis, Explained
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- Опубликовано: 9 окт 2023
- Is Malaysia's escalating national debt a ticking time bomb or a misunderstood tool for economic growth and stability? Explore contrasting perspectives, from Prime Minister Anwar Ibrahim's debt-reduction approach to insights from Modern Monetary Theory.
Narrated by Tom McKay
Video Edited by iyanbriandi
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Brought to you by the Behind Asian Team.
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Should Malaysia focus on reducing debt or managing it wisely? Let us know down below!
Malaysia debt to gdp is not that high at 61% and this is expected to reduce in coming years as deficit will be cut to just 3%. Problem is too much money spend on the high number of govt servant salaries/pension.
@@leealex24the debt @GDP will become lower as inflation and wages increase will push up the GDP. soon debt will be lower than 10%.
@@user-hv4ke5kh7xiuh Inflation and wages nothing to do with debt/gdp bro. Even without GST but with just SST, Malaysia fiscal deficit expected to drop to 4.3% next year from 5%. In the next few years, it will drop to 3% so, it's a good thing for the country.
@user-hv4ke5kh7x Inflation and wages nothing to do with debt/gdp bro. Even without GST but with just SST, Malaysia fiscal deficit expected to drop to 4.3% next year from 5%. In the next few years, it will drop to 3% so, it's a good thing for the country.
@lee..Mahawangsa melayu is halucination this is proof... Get medical help if you or someone else have hallucinations
To quote from S'pore's late founding father, Lee Kuan Yew(19-01-1994)," If you want a good government, you need good leaders . Even in the best of systems, if the leaders in charge are bad, the government will be bad !"
LKY voice has no value, he was a clerk with no brain, look at SG…none us owned by citizen n living as cheap labur with low value jobs
LKY persecute his opp, how is he good?
@@huzafah_bad in the short term, good in the long term
Sy kesian dgn Anwar....kerja keras kurang kan utang. Nanti kemudian klu org lain yg ganti, itu org enjoy berbelanja sakan (tambah hutang) utk kekal popular
Awak punya coment paling Best dan Cantik.....
hopefully this doesn’t happen again..that’s why he shouldn’t perform at his best as he just got into power. but people are judging a lot. until the current unity government is stable, then only he should slowly revive the economy. otherwise history repeats itself
hummm tulaa pasal bangg ,dahla duit tu amanah rakyat senang ii je dia habiskan mmg bodo laaaa pemimpin taik anjingg najis beratt dosa berat ,perlunya pemimpin muda yang bijak dan bercita ii bawa malaysia hebat mcm dulu yang maruah tinggi integriti bagus bekerja santaii org luar kerja sini pun sukaa puas hati ,mcm dulu malaysia naik ekonomi top 10 di asiaa ,skrg ni bukan top 10 tapi top 30 lebih hahahha
The only country that can survive hutang2 tinggi ni adalah usa sahaja,malaysia tak dapat,nanti duit kita jadi rupiah.mampussssss.hutang ni yang sedap orang dulu,yang sakit cucu cicit kita.
😅@@user-ej5pj1yl2p
problem is the debt is not productive. In 2021, Auditor General highlighted that half new debt is to pay off old debt.
1) i wud mention that the amount of foreign currency debt as % of total debt is much lower than many other countries (tho increase in USD interest rate and weakening MYR is causing some stress), 2) the govt 'wastes' a lot of money with blanket subsidies which end up being enjoyed by the rich (eg, the bmw owners get more benefit on cheap petrol (USD0.43/l!!) than those who take the bus or ride small cars), 3) leakages through corruption is still rampant and 4) the current coalition govt is much weaker than previous to proceed full steam ahead with necessary reforms in many areas
Mahawangsa melayu is halucination this is proof... Get medical help if you or someone else have hallucinations
Theres no such thing as leakage mate... once money being created (printing) once it get into a bank as deposit, regardless of what it had been used for, criminal, curruption, legal business owner, or you makan at mamak.. it will stay in circulation almost forever, promotes economic growth.. once its newly printed government debt get into a private bank as deposits the bank will use the money to give loan like your for your car, your credit card and your business.. even say a criminal, or curropt official dint put it in a bank, he/she will eventually use the money to buy groceries in a supermarket (it will become revenue for the supermarket) for example, it will eventually made it into a bank.. and the cycle continues.. it is called Circular Flow of Income in Four Factor economy..
Who created those depths ,if is not politicians and former governments who else
Malaysia should stop all high rise building projects.stop all unnecessary waste money projects. Stop all China project.Choose Ministers by their qualifications.Example, Finance minister must and should have finance background and other post as well based on the actual qualifications.
the high rise projects you currently refer to are private 😂
No problem lah. Stop the corruption and pay off the debts
Dream on....
If I was you, I would change all my ringgit to foreign curremcy and get ready to pack my bags !
Malaysia will NEVER change.
It is a fked up country !
Corruption is a big problem that drain the economy
Theory and Practice. Malaysia's National debts was the money making machine for previous government politicians and debts which was a credit to their personal off-shore accounts
Mahawangsa melayu is halucination this is proof... Get medical help if you or someone else have hallucinations
The problem will be solved by 2025 after the new Afong has been installed and in 2024.
@@kingho678 I think you might be right. The stars are aligning all over the world for a new dawn.
Was quite surprised and worried 🎉
If Malaysian government can collect back from ALL those who stole the Tax Payers' money, won't we be able to solve our debt?
Malaysia debt to gdp is not that high at 61% and this is expected to reduce in coming years as deficit will be cut to just 3%. Problem is too much money spend on the high number of govt servant salaries/pension.
Mahawangsa melayu is halucination this is proof... Get medical help if you or someone else have hallucinations
$360 billion is 100 higher % Malaysian GDP
Build the HSR now, as the CCP fans want. Lol.
The wide differential in interest rates between the USD n RM widens sharply thr exchsnge rate of USD vs RM that created capital flight from M''sia to where interrest rate is sharply higher, so causing RM to depreciate further.
❤❤You are perfectly correct. Malaysia's debt is 97.5% denominated in Ringgit and only a tiny 2.5% in foreign currencies. And since Malaysia is the only entity that can legally print (creating money out of thin air) the Ringgit, there is no problem. If you owe money which you can create out of thin air, what's the problem?
But this must be done surreptitiously otherwise foreign countries will devalue the ringgit. That's why 'E'CON'omy is 'E'ssentially a CON game and really good economists like those in the USA are ethical people who use the tools of the conmen for the good of the people.😂😂
agree
You are only in the debt crisis of you are unable to pay your debt.
At least he makes effort to address the Malaysian debt issues.❤ not like others useless corrupted political leaders who using only religious and races to gain personal gain.
This video is trying to suggest something to kill Malaysia economy faster 😅
No its not.. its just how the world works.. china, japan, south korea, UK, Singapore all policies based on MMT
Is it a Joke $350Bn, UK is £3 Trillions public debt, £1=MR5.9!
Must Unite and Work harder
Malaysia should do both reducing debt and as well managing inhouse economy growth
Bila happen like other country baru pening.
Malaysia is great in tkl ttik tok
He can do it if he gain everyone support
😮 Malaysia with many Natural Resources incurred a RM$1.5Trillion Ringgit of National Debt as of 2023 ... While Singapore has very little Natural Resources managed to accumulate SGD$1Trillion Dollars plus of National Reserves as of 2022 ... Just to see how badly managed Malaysian National Finance being managed by previous governments of the last 60 years ... Singapore's Meritocracy based Democracy tested to govern more Fairly , Transparently & more Manageable & Accountable than Malaysia's Ethnicity & Religion based governance produced many Unfairness , Groups of the Elites & the Marginalized & within the Elites they factioned into various Cronyism based Sub-groups that mismanaged various National Projects that lacked Professional Supervision & Auditing that lead to this accumulated RM$1.5Trillion Ringgit of National Debt! Bank Negara needed to be under independent & Professional Supervising & Auditing to manage the Malaysia National Finance more Accountable to save guard Malaysia National Reserves from being misused! 🙏🕯🌏🇲🇾
True. Regards from Indonesia 🙏
Easy solution, impose 20% GST on Malaysians, impose income tax for Malaysians working in Singapore. Lol.
agreed. but plz keep in mind the issues were due to the previous governments. the current one has to clean up their mess x-x;
@@onexoxtoodouble taxation?Those poor Malaysians struggle to make a living and double taxations?Why don’t you cut handouts and unproductive public employees?
Adik ku sayang, cuba google jap Singapore total debt, Haih dia pandang asset saja.
the PM should appoint a finance minister to replace himself. Malaysia need a full time 24/7 finance minister to sort out its economic issues. Plus, it doesn't look good for the PM to be the finance minister at the same time - judging from Malaysia's previous experience with Najib Razak.
You need to dig a bit more of PMX roles and Rafizi’s
Hopefully YAB Anwar is never like that convicted criminal najib n YB Azizah is never greedy likes looosimah . Malaysia are in safe hand as long as YAB PM ANWAR is in charge .
Anwar and majority of malaysian have conservative view when it comes to debt. Although I agreed with the narrator that spending is more important than debt amount. Goverment should reduce the subsidies, implement GST and abolish pension, which has more serious repercussion.
Disagree with u
🤝
Irwan..Mahawangsa melayu is halucination this is proof... Get medical help if you or someone else have hallucinations
First of all is not to be so generous to donate to other country when our own debt is so high. We are already in serious trouble already while our PM is so generous to donate as though we are debt free. Our debt if I am not mistaken is around US 1.8 trillion.
@@danielyee9159 If I'm not mistaken the debt is around 1.5 trillion ringgit, not USD as most of the debts come from domestic sources. Msia dont have high exposure to foreign debt, which is good. I don't mind the debt if the government can manage it wisely. Even Singapore debt is more than 100% of its GDP. But at least they funnel the money strategically, I mean... we all can see their achievements now.
350 billions wasted since 1957
Why still spend money unnecessarily?
Lol, the channel knows more than the finance minister about the percentage of foreign debt
As long as Malaysia's debt is not burdened under high interest rates like Ah Long's, there is still hope.
And no point comparing to a Kia Su neighbour down under. Just take care of own domestic challenges & move forward.
They can try borrowing from Ah Loong, note the extra 'o' vs the ah Long and reduce their debt?
But not a chance this would come true!😆😆🤣🤣😆😆😆
1MDB bonds' 5 to 6% coupon rate on the back of Malaysian Bond ranking BBB Versus Singapore Bond ranking AAA enjoys lowest coupon rate/ interest rate. We can't afford to borrow again(expensive).
1MDB & Goldman Sach arranged by the Spiderman🕷️jho lo & signed by the Mastermind. Guess who ?
Yeah stop comparing with Singapore, and start working on your own problems i.e. stop being idiots yo
1 MDB bonds carried 5 to 6% coupon rate/interest rate per annum. High or not.😂
To curtail debts crisis, the country needs to elevate Ringgit Value
When import become cheaper, and inflation will be less burdened.
Also, will reduce interest rate from foreign debts.
Boost FDI to the country
Mahawangsa melayu is halucination this is proof... Get medical help if you or someone else have hallucinations
You don't understand the problem then. In a high-interest rate environment, the only way to prevent your currency from losing value, is to raise your own interest rates. Malaysian households and companies cannot afford an interest rate hike.
In the second quarter of 2023, the economy of this neighboring country only grew 2.9%. This growth is the lowest pace of the Malaysian economy since the third quarter of 2021, when the economy contracted by 4.2%. Malaysia's economic growth in the second quarter was also lower than growth in the first quarter of 2023 which reached 5.6%.
Malaysia's External Debt: % of GDP was reported at 63.9 % in 2022. This records a decrease from the previous number of 69.7 % for 2021. Malaysia's External Debt: % of GDP data is updated yearly, averaging 64.2 % from 2009 to 2022, with 14 observations. This data reached a record high of 73.2% in 2016 and a record low of 52.9% in 2010.
It does not matter as long its in Ringgit Denominated debt and we maintain Current Account surplus.. its fine... in fact we need to borrow more not enough..
@@zarith87 Malaysia cuts subsidies for rich class to reduce country's debt
When asked by council members whether they would impose additional excise duties on the people to deal with the increase in state debt in a hearing session at the Dewan Rakyat Building which was attended online in Kuala Lumpur, Tuesday, Anwar answered that he would reduce subsidies for the rich, as was done for electricity subsidies.
As I explained to the Council in the last session, even though there was a previous government decision to increase electricity tariffs, the government has now canceled that proposal and it is still only imposed on the T20 group (income of more than RM10,970 or around Rp. 38.26 million per month), multinational companies and other large companies except companies involved in food safety
Reductions in other subsidies for the rich are also being implemented with the same emphasis, for example diesel subsidies which in 2022 will reach 20 billion ringgit (around Rp. 69.76 trillion), but in the study of the Chair of the State Audit, half of that volume has been sold through oil stations, he said.
In terms of economic growth, considering that domestic and foreign investors are starting to come in, Anwar believes that the settlement of state debt will increase without burdening the people.
A number of steps were taken, including improving governance, because billions of ringgit in lost spending occurred due to poor management and leaks so that the debt became greater than the country's economic growth, he said.
@@zarith87 Malaysia's Suffering: Ringgit & Exports Collapse, Debts Mount
The weakening of the Malaysian ringgit currency against the United States (US) dollar amidst unstable global conditions has had an impact on many things, from increasingly expensive imports to ballooning foreign debt. This issue received great attention from former Malaysian PM Mahathir Mohamad with a solution to peg the exchange rate.
Reporting from Refinitiv, the ringgit has weakened against the US dollar by 5.03% year to date/ytd. Meanwhile, the ringgit's weakest point was at MYR4.79/US$ on October 23 2023 and was recorded to have weakened 8.14% ytd.
The collapse of the ringgit cannot be separated from the strength of the US dollar index (DXY), high world oil prices and the weakening of the Chinese economy. The depreciation of the ringgit is getting worse due to strong US economic growth with still solid employment data as well as the US central bank (The Fed) being quite hawkish some time ago and deciding to hold its benchmark interest rate at a high position for a long time to fight inflation.
For your information, a cheaper currency means higher import costs. On the other hand, regional exporters are finding it difficult to take advantage of this downturn, as uncertainty remains in large markets, especially China.
For your information, the ringgit has been hit by Malaysia's greater exposure to the Chinese economy, which is experiencing disappointing growth. For more than 13 years, China has been Malaysia's largest trading partner.
Bilateral trade between the two countries set a record of US$ 203.6 billion in 2022 or around Rp. 3,162.9 trillion (US$ 1=Rp. 15,535), an increase compared to 2021 which was recorded at US$ 176.8 billion.
Furthermore, weak commodity prices such as palm oil and natural gas, which account for the majority of Malaysia's exports, are also another negative factor.
For the record, Malaysia's exports to China for the September period were recorded to have fallen 17.3% to MYR16.6 billion or around IDR 55 trillion (1MYR= IDR 3,350).
Meanwhile, Malaysia's imports from China for the September period also contracted 9% at MYR21.7 billion. In other words, Malaysia's trade balance with China for the September period experienced a deficit of MYR5.1 billion.
Malaysia's annual export contraction touched its lowest point, namely a correction of 18.6% in August 2023. Meanwhile in the September period, Malaysian exports were corrected 13.7% (year on year/yoy) to MYR124.5 billion, missing market estimates which predicted a correction 16.5% and compared with an upwardly revised 18.7% contraction in the previous month.
This marks an export contraction for the seventh consecutive month, along with a decline in sales in all sectors, namely; mining (-28%), especially LNG (-37.8%) and condensate & other petroleum (-26.8%)
Meanwhile, Malaysian imports also fell 11.1% from the previous year to MYR99.95 billion in September 2023, missing market estimates of a 12.2% decline and slowing sharply from the 21.2% decline in the previous month.
This marks a contraction for the seventh consecutive month, due to a decrease in purchases of semi-finished goods (-15.6%), which was caused by a decrease in purchases of food & beverages, processing, especially for industry (-59.2%)
The weakening of Malaysia's exports and imports is also reflected in its trade balance which continues to narrow to MYR24.5 billion (Rp. 82.08 trillion) in September 2023 from MYR31.8 billion (Rp. 106.53 trillion) in the same month the previous year, but greater from a market estimate of MYR22.7 billion.
Furthermore, in the first nine months of 2023, the country's trade surplus fell to MYR177.3 billion from MYR188 billion in the same period the previous year.
The depreciation of the ringgit also had an impact on the 10 year tenor Malaysian Government Bonds. The highest yield on these bonds was recorded on October 23 2023 at 4.2% or the highest since the last year. High yields indicate that investors are selling the bonds they bought because yields have an inverse correlation with bond prices.
The surge in bond yields is increasingly burdensome for the government considering that the higher the yield offered, the government has an obligation to pay quite high yields.
The Malaysian Statistics Department released debt service charges borne by the Malaysian government which continued to increase for the first two quarters from 2018 to 2023.
Not only that, domestic debt in the form of treasury bills also crept up for the first two quarters from 2018 to 2023. The increasing number of treasury bills will directly increase the portion of the Malaysian government's total domestic debt.
As a Malaysian i say no
A country acorss a short bridge from them, has more than $350 billion in reserve and that is in Sing dollars!😆😆😆🤣🤣😆😆😆
How the heck did malaysia's debt ballooned that much?
you put a malay to run the country...kaki joli sampai lah jadi mcmni. That's why Australia voted against giving special privileges to natives / their bumiputras. Bolehland is a classic economic case study what you should not be doing...
There are two PM that collecting huge debt, Najib and Muhyiddin, under their reign Malaysia debt ballooned significantly
Malays can't manage finance even their personal finance well. They always take debt to enjoy short term gratification
@@niidaimehokage5731you have forgotten Dr M or perhaps you were too young. He started those mega projects but lost in billions.
@andi..Mahawangsa melayu is halucination RINGGIT today is proof... Get medical help if you or someone else have hallucinations
I think we need to stop new mega project and focus more on paying debt + improving existing infrastructure. Not for eternity, only until we can pay back 40 to 50 percent of the debt before starting new mega project.
say whatever it is, humanity has always been over-estimating their ability in doing/handling things or matter, not until it goes out of hand. To me lesser debt is always best policy = lesser burden and more space to wriggle in urgent times (i.e COVID).
Market inefficiencies caused by useless policies...
May reduce subsidies
im no economist expert, but the ringgit is not performing well and you're suggesting to go on a money printing spree to solve the debt? that just sounds like a bad idea to me.
No its not.. it where it should be.. like USA, japan, UK, South Korea, China.. they seems to doing fine..
Political leaders are able to borrow more and overspend with those debts as a popularist policy business as usual, nevertheless, it is not going to change anytime soon in every political party that come into power.
Compared to other neighboring countries, Malaysia is still better.
Vietnam have lower debt than Malaysia two times.
@@angkhoanguyen6114But people's income is three times lower than Malaysia's, nothing to be proud of😢
everything is always compared with neighbors... correcting yourself is better
@@lisme96 learn english first
30 million is equivalent malaysian population..what a low IQ
Hi
Debt is ok when we see good things are made successfully.
Mahawangsa melayu is halucination RINGGIT today is proof... Get medical help if you or someone else have hallucinations
Malaysia should focus on a combination of paying down it's debt by passing new sources of revenue or strictly enforcing tax collection while attracting foreign investments without choking the economy. Modern monetary theory is flawed since it has long been known that central banks around the world are mostly privately owned, they are not government owned with the best example being the Bank of England and the US Federal Reserve. Every unit of currency printed carries interest with it. It's not simply printing a piece of paper. You only need to look at what happened at Weimar in Germany when they printed their way out of debt with disastrous consequences for their people's purchasing power. Also, one shouldn't forget the exchange of the ringgit against all other currencies of countries it trades with.
0:46 that's now Malaysia flag.
360 Billion is more than 100% of Malaysia's GDP, right?
first of all I really do not agree with the financial handouts of 100 to 200 ringgit to all the citizens. For me with such of billions of ringgit in allocations, it would be better to establish a manufacturing hub instead. First it can create jobs while let the employed citizens generate consumption instead. Giving handout I would not say it is bad but at least help those who is real needed people such as provide them with food coupons or even support them in basic needs during their hardship times while provide the jobs or necessary skill training to enable them to look for employment.
We already hv manufacturing hubs.
Catch all corrupted mp as them to paid
Then build the HSR. Lol
I think selling Kuala Lumpur is one of the best solutions to pay off the mounting debt 😂😂😂
Sell to China or Singapore
Chill, Malaysia has not yet resorted to kicking native citizens for foreigners like Indonesia. Rempang, anyone???
1MDB forever 🎉
@@hanshen3588 forest city anyone? but failed no chinese wanted to be there lol
I gree
No worries Malaysia boleh so more the better debts can do
There is no doubt whatever that Malaysia is rich,due to the unforeseen past events like the pandemic,n the political instability which is not fully settled, the current PM cannot over night set the disputation of the country economic mess, the country discard some unpopular policies, like entertaining too much with racist politicians, gradually restrict Bantuan mentalility ,help those really impoverished,work a solution over subsidy win win policy? Must deal with the corrupt seriously,foremost be very united with the Sabah n Sarawak, interdependency !,
Just like owning loan shark money. The interest will kill you.
in thia case its ringgit denominated.. you can print them.. while u yourself cant print money to pay loan shark.. but government and BNM can print money to pay the loan shark...
61% of GDP isnt that bad, albeit it's higher than Indonesia (39%) and Vietnam (32%) BUT Malaysia have enough resources to make it right. Problem is, during the campaign Anwar made the debt look like it was out of proportion hence why hes facing the burden to lower it down (good luck considering the global trade situation).
Don't forget to know 39% gdp in Indonesia with population with 273 mio of people's than malaysia. 39% gdp still higher than malaysia right CMIWW.
@@senjaku_kinii'm not even sure what youre talking about there?
Malaysian debt is 80% of GDP, not 61%.
@@davidlow6539 im confused 😂 80% of GDP is not healthy at all
Sumber Daya Apa???? Dari segi Apapun Sumber Daya indonesia lebih besar,,jauh di atas malaysia....awak jngn cakap asal cakap.....malu kita
Neither a lender or borrower be ; that's how I was brought up and it has stood me in good stead ever since . The problem with some governments is that the only skills set they have is overspending.... like american government saddled with $34,000,000,000,000 😂😅😂
The best option is no debt at all.
it's impossible, modern economies nowadays every country has a debt, both domestic or foreign debt.
@@gameznunux Well, either pay all the debts untill there is no more debt or make something to happen that eliminate the debt from the system 😁
no without debt u will be living in a jungle hunting food...
Tak apa dato most of them are not serious.
🇲🇾💝❤️💖💗💓🧡💙💞💕💝❤️💖💗🇲🇾
Did they fall for China’s debt trap too?
A debt is a debt, foreign or not. It’s a cultural problem consequential on perennial budget deficits. High debt is a drag on the economy and hence the wellbeing of the people.
Perennial means??
Singapore have 2.5 trillion dept 😆 🤣
no its not... money in this case MYR can be created out of thin air..
Analysis serves to increase confusion.
China debt. Explain that ledger. 🙄🙄🙄
Tukaran ringgit lebih tinggi di banding US dolar best dolar end 😎
This is worse than 98’ Asian Financial Crisis
Print more money that's what Zimbabwe did.
Yg terlibat jangan. Kasi lepas sitar harta mereka utk bayar hutang
Government always having Budget Deficit, but ALL Government Officials personally are always having Surplus Bank Account 😂
Funny but True👍👍
50% of the people do not understand. But, the major caused of it maybe by Corruption activities.
Malaysia tanggung Subsidi 80 billion per year , lepas buat subsidi bersasar akan banyak lebihan duit kerajaan.
Inflation now is 1.8%
How to fill the cookie jar when continuously dishing out subsidies/cash assistance non-stop. By doing so it pampers recipients to be lazy and dependent on easy money.
Does the modern monetary theory hold any water? Even the Federal Reserve struggles with it.
since 2008 whole world uses MMT... its fine... Japan is the best example.. with 260% dept to gdp never goes bankrupt..
Foreign debts impinges on the premise of Sovereignty
Only 3 percent.. 3% are mostly Yen anyway.. yen are extremely cheap .
@@zarith87 Thanks for the info. Didn't know the Ringgit is that heavily weighted to Yen.
There must be a proficient Minister of Finance to manage the numbers and control projects in the country.
In the first place, civil servants salary can be supplemented by allowance and not an increase as the pensions will bankrupt the country in years to come.
Due the the digital era, staff in the govt can be reduced and good staff can be retrained on efficiency with a new ecosystem.
Encourage buy local. Encourage agriculture. Local industries
Manage foreign workers. Too many around.
Train local workers to be proficient.
Where and How did the debt 1.5 T come from. Manage it properly.
We need to encourage exports.
Weed our inefficient staff in the govt. Wasting tax payer's resources.
Eradicate corruption in the govt depts.
Reformasi has not started ?
BS on MMT. Malaysia is not like the US. The amount money that required to be printed to settle the have a healthy debt to gdp ratio, in a number of years will tip into depreciation of the ringgit and in turn inflation.
Its not BS... its the truth..
Malaysia has lots of money - no debts at all, Jho Low told me.....
Msia dgn lagu projek mega dan kini hutang mega.
Ini bukan penlipur lara, tetapi derita rakyat jelata.
Serampang 2 mata mesti dilaksanakan.
1. Jana pendapatan baru
2. Himpun segala bekas menteri dahulu dan yg masih menteri sampai sekarang, yg dah mati panggil waris nya. Paksaan mesti dibuat menyerahkan segala kekayaan mereka kpd negara byat bayar hutang. Seribu satu projek negara dilipat 10 ganda separuh milik mereka, maka inilah tempoh hutang terus berganda tak dpt langsai.
Don't make anymore liability! I like to see Anwar and his friends solve rhie one , they say more actions and less talk and promises please !
In Islam, debt is something to be avoided.
But if necessary, it is required by syar'a.
And the debt must be paid.
No riba@feedah. But today's world needs you to follow them.
So, Anwar has done what he should. Let's see the outcomes, within 3 years due to his tenure
Stolen home money. National debt money. No sweat. Got Pandan can already.
Incomident financial management's
solution : build more mosque so we can pray to free from debt
I think Malaysia can be surpass 2027.. Malaysia without debt
ECRL without debt?
@@user-wh6ki2oj3l who knows it can be... like buy a car... if every year surpass it will full independence like before
@@user-wh6ki2oj3l at least Malaysia got 50% discount.
Malaysia debt to gdp is not that high at 61% and this is expected to reduce in coming years as deficit will be cut to just 3%. Problem is too much money spend on the high number of govt servant salaries/pension.
When GST is implemented then debt might be reduced further
terus teranglah penasihat kewangan dan ekonomi kerajaan, hutang besarlah yg melemahkan RM selamatkan diri bertahan dari faktor perbankan di USA. Berobatlah sakit ini.
Collect back all the money taken by Mahathir n other cronies n the country will be free of debts.
From Umno poeple too. Like Najib and Rosmah and Zahid and many many other Umno corrupted minister.
Najib lost his reputation in the neighboring country due to a corruption case involving the management of government funds (sovereign wealth fund) 1Malaysia Development Berhad (1MDB). The money laundering scandal is thought to be worth up to US$4.5 billion (Rp. 63.8 trillion).
Now, Najib has stepped down and been replaced by Mahathir. Anwar Ibrahim, who was a political prisoner for years during the leadership of Mahathir and Najib, is now free. The two of them worked together to carry out a thorough investigation into this scandal that ensnared various parties in the international world like an octopus.
Just print it to banana currency.
Not to mention their debt to the sultan of sulu i do believe now that karma is digital nowadays , just return saba to the heirs of the sultanate of sulu
Pagpag eater can keep dreaming
Malon bangkrupt like srilangka😂😂😂
Indonesia already bankcrupt selling most their island to other country.. rampang alrdy owned by China.. indonesia have to pay more debt
@@mrj475 typical Malay malon... Penyebar fitnah dan hoax kuat iri dengki😅😂😂😂
Malaysia debt to gdp is not that high at 61% and this is expected to reduce in coming years as deficit will be cut to just 3%. Problem is too much money spend on the high number of govt servant salaries/pension.
bukankah malay tamadon terkaya dan termaju?
Jaman dulu, sebelum dijajah
org miskin tak boleh apply loan di bank mcm Indonesia. Org kaya gaji besar sudah tentu boleh apply loan beli rumah, etc.
Tak paya risau kerajaan Malaysia merupakan kerajaan yang kaya raya
Love from Indonesia 🇮🇩🙏
@ratu..Mahawangsa melayu is halucination this is proof... Get medical help if you or someone else have hallucinations
@@ratupengantin2884apa kaya terlalu banyak yg miskin 😂😂😂melayu banyak yang merempat jadi tukang sampah di Singapur dan buat masalah di Australia di sebabkan banyak pekerja malaydesh yang ilegal 😂😮😊
Step down all the entire incompetent Minister and also Prime Minister..
Why would people follow walaun??
Malaysia has a population of 30 million but many are poor...
me vdioo poir mlysss😂😂
I bet Mahathir will settled the problem if he is in his younger version. We need a super leader like that to settle all the problems now. There is just no super leader in the government now. They were the opposition who never had many experience to govern and solve problems. 😢😢 why in the first place we vote them??
Because we're not fools like you
Cara Terbaik Adalah Jual Pulau Pinang Kepada China..Hutang Akan Lunas,,Ingat Pulau Pinang Sudah Lama China punya kuasa....
Dan Sebentar lagi Selayang milik Rohingya,,Sungai Buluh milik Bangla.....that real....
Money FIAT in the world SCAM
No problem even US hv very high debt 🤔
Can they manage it ? And maintaining stability in maintaining debt and inflation for economic growth ? 🤔
@OrangBaikYangTersakiti just like a mortgage loan, consider a gd loan. MY debts is it borrow to fuel infrastructures & thus attract investments into country thus creating jobs. Of course some debts are pre Anwar administration borrowings & eating into GDP earnings 😎 it will take sometimes to see rewards
@@kornhead8 I don't know whether Malaysia's debt management is effective and efficient? And what about their defense sector, namely the military? Will it continue to be under the control of the FPDA? And other Commonwealth alliances? All I think about is inflation seeing data that the Ringgit continues to weaken.
@OrangBaikYangTersakiti only time will tell but next 3 yrs MY GDP will b up ⬆️ regardless of inflation
@@kornhead8 I can only wish you good luck and pray as a neighboring and "serumpun" country.
I think Malaysia need to sell Putra Jaya to Bangla, in order to payback their debt problem, it is what it is my friends 🙏💪
is like you are saying Singapore to sell tekong island to keep more reserve😂😂
@@shaikhussein it is what it is my friends 😂
I think Indon still our babu haram & psk😊
We need good, honest, visionary, strategic,empathetic leaders and statesmen who thinks of the future generations and not like politicians who think of the coming elections ! First, improve the balance of payments accounts to achieve accounts surpluses instead of deficits annually through measures like : ,(1) cut down on imports n increase exports thro' new markets,(2) early compulsory repatriation of all export revenues in USD n other foreign currencies,especially world reserved currencies,(3) built more viable infra- structures to increase FDI with tax incentives, (5) restrict purchases of foreign assets for time being to avoid capital flights n restrict overseas tourism to selected nations only for a limited time period, (6) encourage foreign ownership of "MM2H" Malaysian homes for longer PR resident status, (8) cut down on overseas tertiary education scholarships for 1 st degrees, and only for post graduate courses not available locally n other measures that govt. knows best !
You have oversimplified things - if debt is used for growth stimulus, it can be a good thing. What if it is used to line pockets? Ask any Malaysian, they will tell you that debt was not used fruitfully.
U are assuming once the money is used by the government its gone, that is a myth.. in reality money works as circular flow, principal of economics.. its called "Circular Flow on Income in 4 Factor Economy" as long the "newly printed debt money" ended up in a bank. as deposits.. it will circulate to the Private Sector as loan to businesses for investment or to consumers as liquidity to spend money on good and services in private sector busineses..
Mahathir know best. Only Person that can answer is Mahathir.
Lo yeh,ni chi sin meh??
The mamak pencuri of all time😂😂😂😂
😂😂😂😂😂 all his cabinet member are the cause of the debt 😂😂😂😂😂 and this guy is like finger pointing others 😂😂😂