Malaysian Finance Minister Lim Guan Eng’s plan to tackle US$250 billion debt
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In his first foreign media interview, Malaysia’s new Finance Minister Lim Guan Eng told the South China Morning Post that the government will announce belt-tightening measures to rapidly pare down total liabilities of 1.087 trillion ringgit (US$250 billion) that ballooned during the tenure of scandal-tainted former prime minister Najib Razak. Eng is confident the government can “well maintain” the current budget deficit without further burdening the economy.
![[FULL] LGE: Arul Kanda is “utterly dishonest and untrustworthy”](http://i.ytimg.com/vi/_drCqrquWPM/mqdefault.jpg)
![[FULL] LGE: Arul Kanda is “utterly dishonest and untrustworthy”](/img/tr.png)
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Guan Eng is simply brilliant. If anybody can solve the mess it is he. All the best Sir and to the people of Malaysia.
Richard Koh it gonna be hard tho to get ridd the 1trilion GDP heck twice the size of malaysia gdp alone
Tami Tami An apek who made Penang a debt free state. An apek who found out the country’s debt before we plunge into bankruptcy like Greece.
Meanwhile you sound like an apek that can only manage to have a finger workout on your phone.
As Deng Xiaoping said "why do you bother whether a cat is black or white as long he's good at catching mice!". As Malaysians let's give our trust and best wishes to PM, FM, all Ministers and MPs from PH to get us out of this mess. We might be asked to bite plenty of bullets so let's do them for the sake of ourselves, our children, grandchildren and all our descendants.
Tami Tami. You sir, are daft! What is the relationship between a person's intelligence and the way he speaks (as opposed to the contents of what he is saying)?? Just because a person speaks like an apek, he cannot be brilliant?? And just because a person does not speak like an apek, he must be brilliant??
Tami Tami he talk like apek but his action is potential for a better malaysia,or perhap u prefer a finance minister with a lot of berkin collection,i prefer not
Alhamdulillah cukup lah 2 tahun saja mcm2 jadi kat Malaysia...........bye LGE and the gengs RIP
dnialencem _ X sampai 2 tahun pon. Kata mau hapus tol, Hapus PTPTN, Hapus najib tapi hapus kerajaan sendiri 🤦🏽♂️
Kenapa kamu Jatuhkan Kerajaan PH yg Tangkap 9 Bekas menteri Barisan National yg Curi Duit rakyat????
@@rohitkalaikumar3059 you nak Toll dihapuskan ptptn dihapuskan Kenapa tak tegur Najib dan Barisan National kamu Pulang 40000 juta ringgit yg dicuri Barisan National (Duit 1mdb, Tabùng Haji, Felda Felcra, Lembu) dicuri Menteri UMNO (2009-2018)???
@@rohitkalaikumar3059 Kerajaan Ph dijatuhkan Pengkhinat Muyhidin yassin dan Pengkhinat Azmin Ali , bawa 30 Wakil Rakyat Ph pergi Kahwin Parti Perompak Umno 1mdb!! Itu Kenapa kamu Rasa Bangga????
PH check acc Putrajaya, duit ptptn Toll telah dicuri Barisan National, you pula Bersama Azmin dan Muyhidin Jatuhkan Pakatan. Apa la you!!! Malaysia Hancur di tangan kamu Sendiri!!
Malaysia is back!!!
Mr Pink yeah we're back on track!
Dei he failed badly LA
The 1 trillion ringgit debt will be an action item for Lim Guan Eng. He will be a world class finance minister if he can resolve , captivate and provide effective containment .It's now MALAYSIA's main showcase issue.
He failed badly laaa !!now Investigation for corruption also. Jail time soon maybe
YB Lim, you have Malaysians supports and prays
Nurul Aniza Zainudin love u too nurul😁
hahaha
Worst finance minister. Please step down
250 billion dollars? My goodness.
Its over 1 trillion debts
trillion is RInggit, 250 billion in dollars US
USA has a 20 trillion dollar debt
Last time i checked, singapore have roughly 1trillion usd debt..
Din Besut so? It’s their country’s matter. We have more to worry for ourselves. It’s not about the competition where ‘who has the lower debt’ now lol.
These guys make penang almost free debt state i believe he can do at least reduced the debts by 25% between 5 years
Great salute YB Lim Guan Eng. By now we should issue a degree WAR AGAINST CORRUPTION. Brought those dumno cronies open their files from top to bottom post. not forgetting state levels all very down to earth moni under the table cases. Pls open their files for the sake of our future generations of yesterday today and tomorrow. God Bless Malaysiaku tanah tumpah darahku. Remember your cabinet and your ministers have the backing of 10000% from Suara Tzunami Rakyat Bangsa Malaysia Support.
That is why we need brains of intelligent people. Otherwise we know nothing except what we,are told to believe. Now you know why people with brains and intelligent, can make a great difference. Super.
Thanks for telling the truth though painful. PH leaders are now doing the right things and hopefully the entire govt machinery will do the things right. 👌💪👍
Telling truth ahh? Hahahahahaha funny la u
menipu je keja
It's a complex equation to manage Inflation, job creation, economic structure.......
.....The Finance Minister better start to ADJUST THE STORYLINE and concentrate on getting the financial ratios back to prudential level.
Cut cost, streamline tax system and use of off budget corporation to reduce state burden.
GST abolition is among others, to restore public confidence that is imperative to rebuild the ailing economy due to Kleptocracy. External debts can always be re negotiated like what happened in EU but not public confidence. Kami Sayangi Malaysia
He really is cool!
Macam apek
When he succeeded, our own finance minister has a lot to learn from his tremendous works,a good case study to review.
Hahaha r u joking he failed badly!!!!
Good minister. Shd also promote prosperity for people as a commitment from the govt just like china govt. Only when peope r rich can they spend and make the economy well.
Great Respect to Mr Lim Guan Eng for doing the right things to let the everyone knows the current national debts status,while still upholding his CAT POLICIES... WELL DONE SIR! I m confidence he can provides more positives contributions hereon with all his new government bureaus together Prime Ministers .... New Elite Government and fellow Malaysian shall get thru this and the younger generation can have their fruitful endeavours... Best Regards & Yours truly!
How come u can to be a minister of finance...our economic still decrease n our currency also dropped...u cannot perform in ur job..we prefer u sit on minister of plantation...it is suitable for u.
prefer to sit in jail instead
Well said Minister LGE, we can be clean and we can be successful. Your people supporting you and this new gorverment.
I contributed RM 50/=to tabung Harapan,we hope that the government will put Malaysian first, not build condos for foreigners,but for Malaysians to stay, the few projects that worries the locals YB is Pulau jerejak, is it going to be for Malaysians or foreigners? what about the local participants, what is the price for Malaysians to buy, will it be so expensive condo that only foreigners will be buying but locals will be watching.. what about the kedah will it be only for foreigners, like what happened to Johor,it was sold to the Chinese, locals could not go to there.please put Malaysian first.
should ask back yr 50 ringgit contribution. he failed badly
He is 100% brilliant for not being economic with truth. To stop all projects to reduce debts, any coffee-shop uncles or taxi drivers could also run the country. The real challenge is to go ahead with the HSR when there is little money. The HRS will take of some heavy traffic in the sky, +38 flights per day; will provide new transport capacity between cities in M'sia and S'pore; and will hence lower overall CO emssions. It is not clever to drop the HSR.
Fah Kong not the right time and not priority now. Everything has its place in time depending on funds n importance.
HSR costs 100billion. Someone actually calculated if 18,000 people bought tickets daily at the cost of RM200, we will need 160+ years to pay off the debt, that is when assumes that the trains will run without any faults and servicing charges are not included
The HSR to be frank only benefits the Singaporeans. Most of the rail tracks are in Msia so naturally we will bear the heavy end of the construction cost. It’s only abt 10km of track in Sg. With the current currency rate (and perhaps in the future) why would any Msians want to travel to Sg that often? And tbh it offers less attractions (as compared to Msia) and everything is pricier over there.
I can get a flight ticket at Rm80 on AirAsia instead of forking out Rm200+. It will only take 3 hours including checking in and the flight duration itself. I personally don’t mind the extra one and a half hour cz tbh it doesn’t affect me too much.
Besides, Msian gov is now upgrading the KTMB tracks to provide the ETS service, that can run up to 160km/hour. It will only take 3 hours to reach to JB frm KL. So tbh not much difference and the HSR mmg is an white elephant project
100billion construction cost (1/10 of our 1 trillion national debt) vs 500 million penalty. Which one you choose?
GP rail is definitely cheaper safer and more efficient than plane in the long run. . Why then would Japan have HSR nationwide. HSR in my opinion does have a place in Malaysia as it grows. It connects the west coast n Spore with 250km speeds. Except one problem. It is still not the right time. Have to wait for Malaysia to get stronger financially and get more developed first.
JLC Driveway Ramps Japan and China has HSR nationwide because the resources and money is generated from their countries themselves. Malaysia, lacking of expertise in building HSR will need the help of China and Japan, as well as funding from China particularly. Moreover HSR in other countries stretch as far as a 500km. 300km is nonetheless too short and the time that can be saved via taking the HSR wouldn’t be as much as compared to usual rail or by flying.
JLC Driveway Ramps It still doesn’t benefit Malaysians. Except if the HSR can extend from North to South of Malaysia, covering the whole West Coast of Peninsula.
Dialah orangnya yg akan membuat langkah-langkah hutang,please translate in english course im not chinese
Malaysian must be proud to have you! 👍👍👍
Yes , Chinese sponsored debts
AriVovp I am sure China is very much and well aware of the Malaysian debt crisis, but one wonders why they still aggressively pursued getting Malaysia into more debt. They are very well aware of debt defaulting just on 1mdb yes they continued to give more loans and options ... I wonder what their objective is? Any comments?
Zaahier Stanley
China wants to bankrupt Malaysia then colonise Malaysia via aiding us out of bankruptcy. That's their plan.
AriVovp
China fear mongering is not popular in Malaysia for your info.
To gain favour and land from Malaysia and the rest of the world. China has been lending enormous sums of money to many developing countries and many of which are now unable to pay them back. Thank God that we have now stopped these mega debt projects before they even started, if not we'll end up like Venezuela and Argentina.
Gan Timothy
Venezuela and Argentina is US-dollar debt loan by USA & IMF, you need to get it right. And the fact that these mega project is cancel-able just shows that China is not the "bad guy" as you try to portray.
Mahathir trust China more than USA, just in case you are not Malaysian and don't understand Malaysia.
lge keep up the good work! you will have our support.
Wayang tinggi production...👍👍👍
We need the East coast rail to urbanized these state. While the HSR will generate M$600 billion. (M$500 billion in TRX, Bandar Malaysia, redevelopment of 6 towns & East Jurong 2nd CBD plus M$100 billion for the rail link).
Cut ministry expenses, main is Education, Health, Home & Defense = 1.1 million of the 1.4 million state employees.
Cut headcount, transfer services to private sector will reduce state expenditure without dire effect on the budget.
Convert the education loan into a public enterprise. All student loan must be recovered. It will increase state debts otherwise. Limit loans to deserving students only.
After a years as a financial minister....runnaway
we all know u and the geng can do it.
This Finance Minister is the Best Finance Minister in d World
Ofkosss HAHAHAHAHAHAHHAHA
Salute 👍
Salute pala hotak kau
hope you can last in your finance ministry post... 🙏
Untungnya malaysia ini belum jd mcm greace
Greece. Tu lh. Belajar lain kali
Limit the financial leaks via corruption, overpriced state contracts and political appointee milking off largesse from the state coffers.
Minister Lim. Stay strong and don't fear the firebrands and nut cases in PKR, DAP, PRIBUMI.
So refreshing to see a chartered accountant helming the finance ministry.
wow Malaysian debt $250 Billion? Indonesia very much bigger countries only had $350 billion
man, our previous govt really did something remarkable. I don't know what else to say. Hoping the new govt can clean Najib & Co's mess
H K but Malaysia credit rating got A, is it supposed to be safe or not?
Look up Japan's debt. Trillions upun trillion of dollars.
State debt = Country credit.
Managing credit levels. But MoF Lim Guan Eng seems confused about this.
Malaysian credit in 2018 is composed of 1. State or GLC m$1 trillion, 2. Public Companies m$400 billion. 3. Forex exchanged with Bank Negara m$450 billion, 4. Middle class & worker's debts m$850 billion, 5. Currency printed by state m$100 billion.
That's the m$2,800 billion in the banking & financial assets.
Managing credit levels is the function of MoF & Bank Negara to manage the economy using fiscal levers.
Minister Lim constant harping on debt is strange. He think he is still an opposition leader and looking for scandals.
50% 50%
In LGE, I'm no doubt and believe he can solve and improve for better MALAYSIA.
keep dreaming
Itu
His cannot to be a minister of finance in Malaysia coz always lied n does not perform in govt accounts..too many contradiction during his announce abt govt.money...his a liar.
He might become the next PM one day..
No he wont... Malaysia has a law that prohibits non-muslim to become prime minister... And there will be like 90% of Malay ethnic to counter that.. Although i'm still grateful for that 10% of non-racist Malay which i respect.. Same with Chinese, they want equality and fairness but still there are more than 60% who are racist themselves but wont admit it...
AT most he can go might be timbalan perdana menteri. No offence, alot muslim friend will not tolerate the idea of the country run by a non-muslim. As much as we hope the all the rakyat malaysia are rational people and pick someone based on their capability + quality over races, we still have a long way to go. Non-muslim think this country is a secular state where we merely adapt islam is the official religion. This is what our founding father Tunku Adbul Rahman said. But to some muslim friends, malaysia is an islamic country. The conflict is there.
David CWS 90% MALAY are racist? Is there any data or sources to support that? Or you just being a racist yourself by easily saying majority malay are racist. This is one of the reason why sometimes malay are prejudice with someone like you
He can ..Unless Malaysia separate...
Xpaz after RAHMAN theory ends now its MALAYSIA theory..Mahathir -> Anwar Ibrahim -> Lim Guan Eng -> Azmin Ali -> etc
All the best to Malaysians!
The best Finance minister Malaysia ever had, Mr.LGE. All the best to you.
very funny. keep dreaming lor
His a liar n always did problem in our govt accounts his also hide the true value of our govt income..to media n civilian.
Tun M: our country's debt is now more than RM1 trillion.
The Rakyat(exclude idiot BN supporters): Shut up and take my money!
Kencing kuat tipu kuat
Liars
Ini sume mainan dia je jngn la kamu percaya sgt org melayu
china nearly takes malaysia...shxt
debt
"/dɛt/"
LGE gambateh!
Worst finance minister ever. Please step down
now more and more our malay friend accept and respect the new finance minister, as chinese malaysian i feel proud of it
Go for it LGE, your style and demeanour makes you cool! Bring back the culture of good governance, balanced books and financial diligence.
We have a genius solution.. "TABUNG DERMA"..😂😂
Din Besut Did you know? In 1998, 3.5million South Koreans donated USD2.1billion worth of gold to help pay off their country’s debts. The world was stunned by the deep patriotism & sacrifice of South Koreans. In 2001, the country managed to pay off all debts to IMF - nearly three years ahead of schedule.
I was shock to find out we managed to get 7 over million in the first 24 hours. Ir proif that the citizen loves this country but not the previous government
i will donate mnthly until the debt is over....just trying to help as best as i could... i love my country and i dont wish to see Tun and PH effort go to waste...
JeevS GOne yeah. Know bout that. But please take note that national debt consist of 2 parts, internal and external. Everyone of us have personal loans eg. House loan, cars, education etc. These also includes in internal debt as as well. So, instead of giving derma, why dont everyone try to pay out their own loans because it will also directly help to reduce the internal debt hence the national debt will decrease too..
People asked for it..they wanted to donate.. that's the reason why the government created it
His corruption should be investigated too. He is also one cause of the debt
So shameless pointing fingers at other when he himself is not clean.
Tami Tami well wouldn’t that mean that Mahathir needs to be investigated too gasps. You might want to ask Tun to stop crying too because he also partly contributed to the national debt indirectly.
Stop being a hypocrite.
Tami Tami did you voice out when najib robed billions of dollars from 1mdb? No right so shut the fuck up. You just one of the lick ass of BN. Whatever bad things BN do you all will clap hands and do like nothing happened. This is what called stupidnes overload
Tami Tami you're right brother 👍👍👍
your dreams have come true
Singapore is a clean and succesful country. Learn from Singapore.
Look at the current situation in Singapore. Most Singaporeans are struggling to make a living. I have lived in Singapore before and the people's quality of living here has massively dropped from the first time I visited Singapore. How can you mention that Singapore is the right subject that Malaysia should follow? Do you know that Singapore has currently owing full of debts and look into Temasek Holdings reports on losses, these money are contributed by Singaporeans hard-earned money through CPF. Singapore is just an underdog of the US (to be honest; frankly speaking), and yet the Obama-era has ended and now Trump comes in, and you know what I mean. Plus, looking into the current situation of Malaysia e.g. abolishment of GST, reducing civil servants' pay, reducing taxes, Singaporeans also want to do that as well. Many Singaporeans are struggling to make a living. And if Malaysia now to learn from Singapore, we will be driven to nowhere. Please stop boasting that Singapore is a clean and successful country. Yes; it was during the LKY era and I personally salute him.
Harvin CK Sour grapes
Singapore has always been more succesful than malaysia.
Looking at the current situation, I don't think so.
please do not be sarcastic . No doubt Singapore is succesful ..but please dont be sarcastic
Norman King dont forget about kra canal, your econony will be affected
i hope people here could learn the privilleges of Malay people because Malays are natives here and we don't have any other country,if you look at chinese,they have their own country,if you look at Indians,they have their own country,but Malays?we don't have our country???if this is true,it's totally unfair
Ahmad Aidil fuck off.
Ahmad Aidil only the disabled will need privileges.
GP you fuck off,get back to your country
Caferatte89 hey who told you that wrong fact?!have you ever learnt history?you make up a wrong fact
Caferatte89 i would like to ask you to learn about malay history,malay kings,malayan island and so forth
Haha. This is a joke. This channel also a joke.
Penipu lge