"Awang Adek: Our RM407b debt no cause for worry because Mamak alone stolen $ trillions ... "

What that means is when we need the money, we just handcuff Mamak and confiscate his assets.

Our RM407b debt no cause for worry, says Awang Adek

KUALA LUMPUR, March 29 — The country’s debt last year amounted RM407.1 billion or 53.1 per cent of Gross Domestic Product (GDP) and is no cause for worry, Dewan Rakyat heard today. Deputy Finance Minister Datuk Awang Adek Hussein said of the amount, RM390.4 billion or 96 per cent was internal while RM16.7 billion or four per cent was external debt.

“Concern should be on foreign debt but at only four per cent, it is not worrying. Our GDP ratio is much lower than others including developed countries,” he said when winding up debate on the ministry’s Supplementary Supply Bill (2010) 2011. Awang Adek said the debts were from loans to finance the deficit and finance development projects. The loans will generate revenue to the government as it is an investment.

“The returns will be higher. This is normally the case except during an economic slowdown.” — Bernama