Tuesday, January 25, 2022

national debt

Worrying, says auditor-general on govt paying matured debt with new loans

Auditor-General Nik Azman Nik Abdul Majid says half of the new loans were used to pay loans which have matured when they should be paid with surplus revenue.

RM620 million losses due to non-compliance in financial management, audit report shows

The auditor-general has submitted 29 recommendations – four for verification of financial statements and 25 for compliance audits of federal ministries and departments.

Beware of the more refined Tajuddins in our midst

It is our duty as voters to stay vigilant against sweet promises and pleasing rhetoric and match them against politicians' track records, regardless of which side of the divide they are from.

More could have been helped without 1MDB debt legacy, Zafrul schools Najib

Tengku Zafrul Aziz also challenges Najib's claim that RM115 billion was borrowed from January to May, saying the former PM also included loans by government-linked companies such as Petronas and Khazanah.

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