Finance Minister Lim Guan Eng is now tabling the 2019 Budget, the first for the Pakatan Harapan (PH) government, in the Dewan Rakyat.
In his opening remarks, Lim said the government’s real debt and liability as at June 2018 was at RM1,065 billion, which is RM350 billion higher than the amount by the previous Government.
He also revealed that Government has also found out that the previous administration secretly paid RM7 billion of 1MDB debt, as at April 30, 2018.
“Government may need to pay as much as RM43.9 billion to settle 1MDB debts,” he added.
Lim arrived at the Dewan Rakyat at 4.05pm, accompanied by Prime Minister Tun Dr Mahathir Mohamad and Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail.
Prior to this, Dr Mahathir had said that the 2019 Budget would put Malaysia in a stronger position and to ensure the prosperity of the people and future generations.
(More to come).