Treasury sec-gen denies Malaysia heading towards bankruptcy

Mohd Irwan Serigar addresses the civil servants.

KUCHING, April 16: Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah has rubbished allegations that Malaysia is heading towards bankruptcy.

Speaking to some 1,000 civil servants here today, Mohd Irwan Serigar said the allegations by certain politicians were totally baseless and only for political mileage due to the upcoming general elections.

He said he monitored the government’s income and expenditure closely everyday, and he was well aware of the country’s financial situation, which showed increased income, instead of approaching bankruptcy.

He stressed that Malaysia’s economy is doing well and has sufficient income for the government’s expenditure, including to increase the amount for the various categories of Bantuan Rakyat 1Malaysia (BR1M) and to implement many development projects.

He said there are not many countries like Malaysia who can provide subsidised medical services, and that is why Malaysians can enjoy cheap medical services such as RM2 for tooth extraction and even free medicine.


Other indications, according to Mohd Irwan Serigar, are the announcements of more hospitals being built, the repairing of dilapidated schools in Sarawak and the construction of the Pan Borneo Highway, which shows the robust economy of the country. — DayakDaily