QUOTE(Roblox Malaya @ Feb 12 2024, 12:59 PM)
What rubbish.
The main reason why national debt grew RM520b from RM686b in 2017 during Najib time to RM1.2 trillion now is not because of RM32b 1MDB (fully paid already from recovery and still got surplus and assets) or gross mismanagement in the past.
It is because:
1. You remove GST and replace with SST means loss of RM30b per year additional revenue to govt. 30 X 6 years = RM180b. Some more you give 3 months no GST/SST tax holiday in 2018.
2. You go put back blanket subsidies for fuel. That is another RM30b per year additional cost burden per year. RM30b X 6 years is another RM180b
3. All those political instability and incompetent governments and quarrels with other countries meant our economy growth much slower compared to Najib years. Slower economy means lower tax collections and govt revenues.
Just the first two is already RM320b additional debt.
Things went south after jib ousted. If jib is around sure nation won't be like thisThe main reason why national debt grew RM520b from RM686b in 2017 during Najib time to RM1.2 trillion now is not because of RM32b 1MDB (fully paid already from recovery and still got surplus and assets) or gross mismanagement in the past.
It is because:
1. You remove GST and replace with SST means loss of RM30b per year additional revenue to govt. 30 X 6 years = RM180b. Some more you give 3 months no GST/SST tax holiday in 2018.
2. You go put back blanket subsidies for fuel. That is another RM30b per year additional cost burden per year. RM30b X 6 years is another RM180b
3. All those political instability and incompetent governments and quarrels with other countries meant our economy growth much slower compared to Najib years. Slower economy means lower tax collections and govt revenues.
Just the first two is already RM320b additional debt.
Feb 12 2024, 02:45 PM

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