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10 APRIL 2024

Saturday, April 13, 2013

SHOCKING TRUTH: Najib the worst ever Finance minister, next Badawi, then ...


SHOCKING TRUTH: Najib the worst ever Finance minister, next Badawi, then ...
IF BN wins the election, our deficit will ballooned to RM 1 trillion in 10 years time. Your kids will either find jobs in Indonesia, Philippines, Thailand or work as maid in Arab Saudi. Please choose!
Performance of Malaysia's Finance Ministers (1990-2013)
National debt under Anwar Ibrahim was the most steady, staying within a narrow band RM13bil of between RM90 bil to RM103 bil between 1991 to 1998. In fact, Anwar managed to reduce debt from RM99 bil in 1991 to RM90 bil in 1997. But due to the Asian Financial crisis and his own sacking, debt rose to RM103 bil.
Then came the marauders Mahathir Mohamad and Daim Zainuddin. Under the infamous due, debts soared from RM103 bil in 1998 to RM188bil in 2003 (or a rise of RM85bil). Ever since then, Malaysia's debt trended up and never down.
'Sleepy head' Abdullah Badawi was anything but dozy when he was Finance Minister from 2003 to 2008. Debt shot up like a rocket from RM188 bil to RM317 bil or a jump of RM129 bil.
Best of all is the big-talking Najib Razak and his free-spending spouse Rosmah Mansor. In less than five years, Najib managed to do the impossible. He almost DOUBLED national debt, which had already hit a large base. From RM317 bil in 2008, debt rocketed to RM546 bil this year or a hike of  RM229 bil.
So who now is the best Finance Minister of Malaysia so far? No wonder, Najib fears taking on Anwar at a national debate on economic and social issues! The figures simply speak for themselves.

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