This is my lesson learned - you worship money, you go down with it when the chip is low.
The answer for me is to reduce dependency of money ASAP. Only spend when necessary. Eating out is not necessary.
PAC chairman Wong Kah Woh said the Auditor-General’s Report released today stated that Putrajaya’s debt stood at RM979.814 billion last year compared with RM879.56 billion in 2020.
In a statement, he pointed out that this meant that the ratio of the federal government’s debt to the gross domestic product (GDP) was now at 63.4%.
According to Wong, the increase in federal debt had caused the government’s overall liability in 2021 to be at RM1.3 trillion, or 84% of GDP.
The Auditor-General’s Report said the government took RM217.2 billion in gross loans in 2021, an increase of 11.6% from RM194.55 billion in 2020. Of this, RM113.76 billion, or 52.4%, was used for the principal payment of mature loans.
This song is on air:
HARD TIMES, JOHN LEE HOOKER
More borrowing will only work if you increase productivity or print more money. Either way you are fucked.
As I said, the third option is to reduce spending. In this case, you all don't seem to believe what I said. Fine, you all are in denial. Still applying the same flawed economic model while the ship is sinking, fast.
Wei, pull the plug.
I guess everybody is greedy, All it takes is one super greedy guy to sink the ship. RM42 billion money pit. Holy crap!
So this is the curse of "Takkan Melayu Hilang Di Dunia." The Malays cannot withstand pain.
We shall see how a worm in heat wiggles.
How about another major flood?
I told you, don't dare the daredevil.
mm
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