Malaysia will be bankrupt if Pakatan wins, warns DPM

Mohd: Twenty-one years ago, BN said that Kelantan would be bankrupt under PAS. It turns out that it is still there and instead of being bankrupt, the state is flourishing even with all the unfair treatment it gets from the federal government.

Three years ago, again BN said that Selangor would be bankrupt under Pakatan Rakyat within six months. Again instead of being bankrupt, the state now has more than RM1 billion excess of revenue.

Now DPM Muhyiddin Yassin is saying that Malaysia will go bankrupt if Putrajaya falls to Pakatan. If based on this inverted crystal ball that BN has, surely the citizens of the country will know who to vote in the coming election.

Ksn: Pakatan will have and face tough times when it comes to power, not only managing the finances but turning the country towards the right direction.

The first few years has to be spent correcting the abuses of all kinds - freeing the institutions from the present executive control, going after those who are corrupt and recovering what was stolen (that must be a staggering amount) from the state and bringing them to book, make the civil service and the GLCs competent with capable men and women of integrity, discontinue unnecessary projects which bring in no return and benefits, manage public funds economically, uplifting the really poor, stop waste and leakages, that sort of work.

When things are in place, the real governing will and can start. So DPM, it is not going to be easy for Pakatan as the mess created by Umno-BN is beyond imagination, affecting every aspect of the country's and people's lives. I have no doubt that Pakatan knows the gigantic burden when they take over.

Fillio: Malaysia has almost RM500 billion of federal debt. This ballooning of debt is exclusively the BN government's fiscal play for more than 50 years of rule.

With a total revenue of about RM187 billion against a total expenditure of RM233 billion, technically speaking, the country is already insolvent or bankrupt. There is no additional revenue for the government to pay off the debt - the gas is almost all gone and the oil is depleting fast.

The BN government has no other choice but to keep on borrowing to pay off its currently maturing debt, and in most likelihood increasing further the federal debt. Whether one likes it or not, that is the real scenario the country is facing.

We have yet to see the amount of debt in the GLCs (government-linked companies). Just peep into one of them, TNB (Tenaga Nasional Berhad).

With a total debt of about RM20 billion against an annual net income of about RM2 billion and an annual capex (capital expenditure) of RM4 to RM5 billion, how is TNB going to pay off its debt? - Malaysiakini