Check facts before commenting on national debt, says Anwar

Free Malaysia Today

The prime minister says the government borrows money every year to finance infrastructure development and settle previous debts.  Read More:  https://www.freemalaysiatoday.com/category/nation/2024/07/22/check-facts-before-commenting-on-national-debt-says-anwar/  Laporan Lanjut:  https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/07/22/semak-fakta-sebelum-kritik-hutang-negara/  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #AnwarIbrahim #CheckFacts #NationalDebt #1MDB

Transcript

00:00Check your facts before commenting on the national debt.

00:05This is what Prime Minister Anwar Ibrahim told his detractors, pointing out that the

00:09country borrows money every year to settle its previous debts, including those from 1MDB.

00:16Anwar said he had been attacked on social media with people accusing him of not providing

00:21the right answers.

00:23The government borrows money every year, to pay debts and for development.

00:30The biggest burden is to pay debts.

00:36Citing the RM48 billion debt from 1MDB as an example, he said today that borrowing to

00:42settle old debts is the biggest burden on the government.

00:46Imagine if we could spend this RM48 billion for development, schools, clinics, universities,

00:55including salary.

01:01This is RM48 billion.

01:03So, is it possible?

01:05I said, oh no, I don't care.

01:07This is an old debt.

01:09I don't care.

01:10I don't want to pay.

01:11No way.

01:13Last week, Anwar said the federal government's debt rose by RM50 billion to RM1.22 trillion

01:19by the end of April this year, compared to RM1.17 trillion at the end of last year.

01:25However, Anwar said the government had reduced its borrowing, noting that this year it would

01:29only borrow RM86 billion, compared to RM100 billion in 2021 and RM93 billion last year.

01:37This reduction is the result of the government's efforts to decrease the deficit from 5.6%

01:42in 2022 to 5% in 2023 and 4.3% in 2024, he said.

01:49Natasha Bust, FMT News.

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Transcript

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