The routine of a PM's tasks :
- to stay elegantly silence
- to have a poor memory.
- and to deny all reports
He didnt remember purchasing a yatch from Turkey and surely now he didn't remember borrowing USD50 billion even when he is the Finance Minister.
So what did he remember?
PM: We are not borrowing foreign money to finance 9MP
KUALA LUMPUR: Malaysia is not borrowing US$50bil (RM170bil) from overseas to finance the 9th Malaysia Plan (9MP), said the Prime Minister.
Datuk Seri Abdullah Ahmad Badawi said the country had enough money to fund its national development projects.
“I don’t remember making any such (US$50bil) loan, and I am the Finance Minister,” he said yesterday after the Sixth National Small and Medium Enterprise Development Council Meeting at Bank Negara.
“I know this question comes out because people are accusing us of not having enough money. We have enough money.”
Abdullah stressed that money had already been set aside for the 9MP.
To a question on whether it would be funded internally, Abdullah said: “Yes, yes.”
“Where do you hear such a tale from? Suka sangat dengar cerita ini. (People like listening to such tales),” he said dismissively.
Abdullah also denied that the economy was experiencing a downturn, saying: “I am confident that the economy will be growing even more rapidly.”
A blog ran an article “Malaysia was borrowing US$50bil without borrowing”.
It claimed that the money was purportedly procured from 25 prime banks and channelled through a private limited company which would act as a front for the Malaysian Government so that the country was not seen as borrowing from overseas.
tags : prime minister abdullah ahmad badawi malaysia finance loan Asasatu Technology
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