Based on what Bernama has reported, and assuming Malaysia has a population of 26 Million (Babies, Young and Old). We each in debt of RM456.1billion / 26 Million = RM17.5K.
What have my sons done? They are in debt for RM17.5K each. Where has all the money gone? What happen to the income of Petronas?
If your household is 2 kids, parents and grandparent then your household debt is 6 x 17.5K = RM105K. How come we keep paying all taxes, tolls, medical and almost all things are paid from our net income, how come I am still in debt?
Can someone tell me why? Where is all my money $$$$ gone? #$@#%&%$#@
National Debt At RM257.2 Billion In 2011, Dewan Negara Told
KUALA LUMPUR, May 8 (Bernama) -- Malaysia's national debt at the end of last year stood at RM257.2 billion or 30.2 per cent of Gross Domestic Product (GDP), the Dewan Negara was told today.
Deputy Finance Minister Senator Datuk Donald Lim Siang Chai said the country's national debt or external debt was debt borne by the country following loans obtained by the government and private sector from overseas sources.
"It comprises the external debt of the Federal Government, non-financial public enterprises and private sector," he said in reply to Senator Datuk Paul Kong Sing Chu and Senator Datuk Abdul Rahman Bakar.
Lim said the Federal Government's total debt was RM456.1 billion or 53.5 per cent of GDP.
"Of the total, RM438 billion or 96 per cent was domestic debt while the balance RM18.1 billion or four per cent was external debt.
-- BERNAMA
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