At G25 forum, Ku Li rings alarm bell about country’s RM687b debt

© Provided by Malay Mail Online Gua Musang MP Tan Sri Tengku Razaleigh Hamzah speaks during a press conference at the G25 Forum in Shah Alam on January 27, 2018. — Picture by Miera ZulyanaSHAH ALAM, Jan 27 — Umno lawmaker Tan Sri Tengku Razaleigh Hamzah today raised concerns about the federal government’s ballooning debt, which stood at a staggering RM687.43 billion in the last financial year.

The Gua Musang MP said at a public forum organised by G25, a group of former senior government servants, that the country’s debt situation prevented the government from provide universal economic wellbeing for its people.

“I would say, at the risk of stating the obvious, that our political leadership needs to be sensitive to and care for the economic wellbeing of the masses.

“This level of comfort is to ensure that the people are not unnecessarily burdened by financial pressures that are out of proportion to the national ability to handle and manage.

“In this regard, the sad reality is that our leadership has failed to keep in check the national debt that our country is in,” the veteran lawmaker said.

He warned of severe ramifications if Putrajaya failed to rein in spending.

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