Saladin Profile picture
Jun 1, 2018 7 tweets 2 min read Twitter logo Read on Twitter
Opposition Fools keep claiming that Singapore's external debts amount to 110% of their GDP. The fact is Singapore Government has around RM3 trillion of assets and 0 external debt.
I mean how could they go into debt when year after year, they close their budget with surplus unlike Malaysia who borrow to pay for operational expenditure?
Singapore Government has clarified that the so called debt the Opposition fools is fond of citing is actually mainly monies brought in by Singapore's international banking sector and these so called "loans" are fully backed by assets.
So don't be fooled when approached by UMNO Macai who says that our debts are ok and we should take on more debts! It is not ok.
Read this SG Govt explanation. It is laid out in plain English:"Having debt means that we hv liabilities. However, looking only at the liabilities alone (i.e. gross debt) does not discriminate between 2 countries with d same level of debt but with very different levels of assets"
"In Singapore’s case, we do not borrow to spend. We instead invest all borrowing proceeds. All borrowings are thus backed by assets." The crooks in Malaysia have even borrowed to steal almost the entire proceeds... e.g. #1MDB #SRC
And Singapore's infrastructure is fully paid by the Government. No hidden loans like PFI Deferred Payments or long term concession to collect tolls (taxes) from the Public. Never ever compare Singapore with our debt woes.

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More from @saladinMY

Jul 7, 2018
The Edge reports that @PwC_Malaysia Special Audit commissioned by the previous Government on NFC confirmed that RM107.6 million of the RM250 million was transferred from NFC to three companies personally owned by Salleh and his three children.
PwC began briefing top levels of Government on its audit findings between Mid-February and early March 2012 and at least two of the briefings included the then PM cum MOF @NajibRazak
“Most of the briefings were chaired by the then AG Gani Patail, who pressed charges against Salleh, but it was later dropped by Apandi Ali without any explanation,” reports @theedgemarkets
Read 5 tweets
Jul 4, 2018
1. “The government of former Malaysian prime minister Najib Razak spent years systematically obstructing probes into the alleged looting of state fund 1MDB, while also ruthlessly muzzling critics.”
2. “Any suppression of the probe in Malaysia ended abruptly in May when Najib lost power in an election.”
3. “Interviews by Reuters with a dozen current and former government officials show that the obstruction of investigators occurred on multiple levels.”
Read 16 tweets
Jun 11, 2018
This one I can only tweet with the benefit of hindsight. And thanks to Sarawak Report for the Summary. While everyone thought Najib was very confident going into elections, he was actually shitting in his pants.
Sarawak Report lists down the cowardly action Najib took to save himself: Plan A was the extraordinary last minute gerrymandering of boundaries; Plan B was the outrageous Fake News Law to intimidate critics; Plan C the ‘outlawing’ of Bersatu the key Malay opposition party;
Plan D was the ‘legitimising’ of UMNO by the Registrar of Societies, despite illegally failing to conduct internal elections; Plan E the decree that the images of the popular leaders of the opposition must be literally cut out of posters;
Read 9 tweets

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