PETALING JAYA: The DAP-run Penang Government was only able to record a positive budget because it shifted its RM630mil debt to the Federal Government, said the Finance Ministry.
Deputy Minister Datuk Donald Lim, who disclosed this, said it was wrong for Chief Minister Lim Guan Eng to mislead the public into thinking that the state had settled the loan on its own.
The deputy minister explained that the state debt was actually transferred to the Federal Government following a water restructuring agreement that was initiated even before Pakatan Rakyat came to power in Penang.
Under the rationalisation scheme, the state must pay interest-free rental of RM14.6mil annually for a period of 45 years, he said.
Lim said this in response to Guan Eng's claim that the Penang government had successfully reduced its debt by 95% from RM630mil in March 2008 to RM30mil in Oct last year through prudent and transparent financial management.
p/s: Hahahaha... rupanya Ah Beng Melaka tu dah pergi gadai PBA punya asset pada kerajaan Persekutuan.. Kira lebih kurang macam asset stripping je nih...
Gua nampak situasi ni sama macam Idris Jala buat dulu masa dia mula-mula masuk kat MAS. Jual asset sana.. jual asset sini...
Then.., hujung financial year report untung juta-juta... Nak tunjuk kononnya padai meniaga dari management dulu la...
Tapi untuk tahun pertama boleh la buat macam Idris Jala tu... Another period, kantoi balik la.. Inilah yang Ah Beng cuba tiru.. Spin je kuat.., tapi menipu je banyak..
Tu pun ada puak-puak pencacai Pakatan percaya.. Kesiannn.
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