Malaysian Govt Still Needs To Cover Rm17b Shortfall To Repay 1mdb Debts Says Finance Minister

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz speaks in Dewan Rakyat, Kuala Lumpur March 14, 2022. — Bernama pic

KUALA LUMPUR, March 14 — The government still needs to cover a shortfall of RM17 billion to repay the remaining balance in principal and interest of 1Malaysia Development Bhd’s (1MDB) debts totalling RM38.8 billion for the 2023 to 2039 period, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz today.
He said the government had repaid RM13.31 billion of 1MDB’s loans and interest through the ministry’s Assets Recovery Trust Account.
“At the same time, the trust account still has a balance of RM15.76 billion and (this) is not sufficient to settle all 1MDB’s principal loans,” he said when winding up the debate on the motion of thanks for the Royal Address for the Ministry of Finance at the Dewan Rakyat today.
Tengku Zafrul said the government will receive settlement funds of RM515 million from AmBank as well as US$954 million (RM4 billion) from Goldman Sachs.
“This means that the government still have to cover the shortfall of RM17 billion to repay the principal loan and interest of 1MDB amounting to RM38.8 billion for 2023 to 2039,” he added.
Tengku Zafrul said public funds had been used and will still need to be used to settle 1MDB debts, whether in terms of direct assistance or through asset recoveries.
“Following the financial problems faced by 1MDB, the government from April 2017 till November 2021 had channelled financial assistance in the form of loans or advances totalling more than RM10 billion via the ministry and Minister of Finance (Incorporated) (MoF Inc) companies for the repayment of 1MDB’s commitments and interest on loans,” he added.
He said the government would continue to ensure 1MDB’s debts are paid on time to avoid the event of a default which would give a negative implication to the country’s economy as these debts have been guaranteed by the government.
Tengku Zafrul added that the government would also strive to recover the misappropriated funds related to 1MDB, either through legal action or negotiations. — Bernama

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2022/03/malaysian-govt-still-needs-to-cover.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini

Don T Worry Zafrul Still Finance Minister Says Deputy Shahar

papar berkaitan - pada 21/3/2022 - jumlah : 144 hits
PARLIAMENT Tengku Zafrul Abdul Aziz is still the finance minister stressed Deputy Finance Minister Mohd Shahar Abdullah He is still serving as the finance minister No resignation this is what I would like to tell Pokok Sena he told Dewan Ra...

Govt S 5g Move Welcomed But Transparency Still Needed Says Pkr Man

papar berkaitan - pada 19/3/2022 - jumlah : 148 hits
The government announced recently that Digital Nasional Berhad received RM1 7 billion in funding from financial institutions for the 5G network rollout PETALING JAYA PKR s Syed Ibrahim Syed Noh has welcomed the government s 5G single wholes...

Najib Not A Single Sen Of Public Funds Used To Repay 1mdb Debts

papar berkaitan - pada 3/3/2022 - jumlah : 278 hits
PARLIAMENT Not a single sen of public funds has been used by the government to repay the principal amount of 1MDB debts argued former prime minister Najib Abdul Razak in the Dewan Rakyat today He said this is because various entities includ...

Over 17 000 Dropped Out Of Govt Varsities Last Year Says Minister

papar berkaitan - pada 4/3/2022 - jumlah : 293 hits
The higher education ministry provides scholarships and financial aid to target groups including those in the B40 category says Noraini Ahmad PETALING JAYA Higher education minister Noraini Ahmad said a total of 17 613 public university stu...

We Need More Female Representation In Politics And Govt Says Minister

papar berkaitan - pada 7/3/2022 - jumlah : 454 hits
Zuraida Kamaruddin says only about 15 of the 222 MPs and ministers in the Cabinet are women PETALING JAYA The government needs to mandate more female representation in politics according to plantation industries and commodities minister Zur...

1mdb S Debts Guaranteed By The Govt Muhyiddin Reminds Najib

papar berkaitan - pada 8/3/2022 - jumlah : 526 hits
When 1MDB failed to pay its debts it was the government that had to step in says Muhyiddin Muhyiddin Yassin today continued to question Najib Razak s claim in the Dewan Rakyat last week that the people s money was not used to pay 1MDB s deb...

Rhinos Still Need Improvement Says Head Coach

papar berkaitan - pada 13/3/2022 - jumlah : 179 hits
Datuk Ong Kim Swee KOTA KINABALU Head coach Datuk Ong Kim Swee said there are still rooms for improvement for the Rhinos after their FA Cup first round win here on Saturday Sabah FC clinched a hard earned 2 0 win over Respect FC of Perak wh...

Jakim Still Under Prime Minister S Department

papar berkaitan - pada 17/3/2022 - jumlah : 140 hits
PARLIAMENT The Islamic Development Department will remain under the purview of the Prime Minister s Department Minister in the Prime Minister s Department Idris Ahmad told the Dewan Rakyat that confusion over Jakim s status was caused by in...

Five Acts Still Need Amendments For Cptpp Ratification Says Azmin

papar berkaitan - pada 7/3/2022 - jumlah : 359 hits
PETALING JAYA There are five Acts that have yet to be amended for the ratification of the Comprehensive and Progressive Agreement for Trans Pacific Partnership says Datuk Seri Mohamed Azmin Ali The International Trade and Industry Ministry ...