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  • States Debt Level

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    Hanif Abdullah
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    The document summarizes a discussion between Lim Guan Eng and Datuk Dr Wee Ka Siong about Penang state's debt to the federal government. Lim explained that through negotiations, the state government was able to reduce its water supply loan debt from RM630 million in 2008 to RM30 million in late 2016 by transferring the debt to the federal government. Dr Wee had criticized the debt transfer, but Lim argued it was in the best interest of Penang residents to negotiate and drive the debt down before transferring it.

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    Describing Malaysia's State Debt Level

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    The document summarizes a discussion between Lim Guan Eng and Datuk Dr Wee Ka Siong about Penang state's debt to the federal government. Lim explained that through negotiations, the state government was able to reduce its water supply loan debt from RM630 million in 2008 to RM30 million in late 2016 by transferring the debt to the federal government. Dr Wee had criticized the debt transfer, but Lim argued it was in the best interest of Penang residents to negotiate and drive the debt down before transferring it.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    13 views2 pages

    States Debt Level

    Uploaded by

    Hanif Abdullah
    The document summarizes a discussion between Lim Guan Eng and Datuk Dr Wee Ka Siong about Penang state's debt to the federal government. Lim explained that through negotiations, the state government was able to reduce its water supply loan debt from RM630 million in 2008 to RM30 million in late 2016 by transferring the debt to the federal government. Dr Wee had criticized the debt transfer, but Lim argued it was in the best interest of Penang residents to negotiate and drive the debt down before transferring it.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    Research Findings: States Government Debt to the Federal

    Government
    Background
    On a separate matter, Lim took a swipe at MCA Youth chief Datuk Dr Wee Ka Siong for
    condemning the way the state government had transferred its debts to the Federal
    Government.
    Lim said the state government had bargained with the Federal Government over the
    RM600mil in water supply loans, and this had resulted in a debt reduction from
    RM630mil in March 2008 to RM30mil in October last year.
    Dr Wee had said the state had not earned the money but had pushed the debt over to
    the Federal Government.
    "At least we drove a hard bargain to transfer the debts in the interest of Penangites,"
    Lim said in response.

    SOURCE
    13th Dewan Rakyat Parliamentary Session, First Meeting (March-April 2016)
    Penang Government set aside land for cheap housing
    http://www.starproperty.my/index.php/articles/property-news/penang-govtsets-aside-land-for-cheap-housing/?search=H
    P.Pinang hutang terendah, wajar dapat insentif Pusat

    https://www.youtube.com/watch?v=eJepZ0FSzgk

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