Netizen 24 SGP: Malaysia government sets up fund for public donations to help reduce national debt

By On May 30, 2018

Malaysia government sets up fund for public donations to help reduce national debt

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Malaysian Prime Minister Mahathir Mohamad (centre) said the fund was necessary to ensure that the donations from patriotic Malaysians would reach the Ministry of Finance.
Published1 hour agoUpdated1 hour ago

PUTRAJAYA (BERNAMA) - The Malaysian government is to establish a Tabung Harapan Malaysia fund to accept donations from the people to help strengthen its financial position, Prime Minister Mahathir Mohamad announced on Wednesday (May 30).

Tun Dr Mahathir said the fund was necessary to ensure that the donations from patriotic Malaysians would reach the Ministry of Finance.

"Many Malaysians, after knowing the bad state of the country s financial position, are willing to make donations to the government," Dr Mahathir said at a press conference after chairing a meeting of the Cabinet.

"We welcome their patriotic attitude and express our gratitude to them."

Dr Mahathir said the account number for the channelling of the donations would be announced soon.

The recent announcement of the national debt of RM1 trillion (S$337 billion) had prompted many Malaysians to express over the social media their readiness to make donations to help the government reduce the debt.

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Topics:
  • MALAYSIA
  • DONATIONS
  • DEBT

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