Pak Lah claimed Mahathir nearly bankrupt the country with continuous high level of budget deficits. “Can you imagine, if I had succumbed to Mahathir’s continued pressure to spend when the deficit was already so high, how could Malaysia have weathered the oil and financial crisis which subsequently came in 2008? “The deficit which we brought down to 3.2 percent crept up again due to subsidies for oil and essentials and hovered again at the 5 percent level. If we had not been prudent then, continued to spend, I can tell you we would be bankrupt by now."
Posted on: Sun, 11 Aug 2013 17:07:51 +0000
Trending Topics
Recently Viewed Topics
© 2015