Every Malaysian is in debt of RM47,000 but every Singaporean is a millionaire (in RM)

 No News Is Bad News

Every Malaysian is in debt of RM47,000 but every Singaporean is a millionaire (in RM)

KUALA LUMPUR, Nov 17, 2023: Singapore has RM7.5 trillion of reserves but Malaysia’s national debt is more than RM1.5 trillion.

Need we say more about the financial and economic state of Malaysia?

Read below a “Factual read” found on Facebook:

Factual read:-

*Singapore* PMs, Lee KY and Lee Shien Loong, both are not multi billionaires but they built a nation with   *RM7.5 trillion* of reserve...

*Mahathir* helped his children become multibillionaires and today left the nation with   *RM1.5 trillion debts *

*Big difference*

On outlook glance, one fought for the *nation's growth* and one fought for his own *family's wealth*

Just a reflection on *malaysia* and our closest neighbour *Singapore*.

Just on three item discipline :
•merit system •zero political corruption
•no instituitional racism.
              *Singapore* has Sovereign Fund (Reserves) totalling 
*$2.2 Trillion*
(Thats about Rm 7.5 Trillions at current Xchange rate.)
*malaysia* has National  Debts of *Rm 1.5 Trillions* !!

*Singapore* has 5 million citizens which means each one has Rm 1.5 Million ( at current rate Xchange ) of cash backing from the State Sovereign Fund !!!
While Malaysia’s 32 million citizens each has national debt (hutang) of about Rm 47,000 !!!
                             Spore is only a small island of about 300 sq miles and has no natural resources and in the 1960s was a poverty stricken country.
Now each citizen is a millionaire in equivalent !!!

malaysia is a huge  country with many rich natural resources and was a better country in the  1960s economically !!

*Where did we go wrong* ??

Every malaysian knows