ANON
The problem we have is that PMX does not call for sacrifice. Instead, he surfs the surface with spectacular statements. He has to call for belt-tightening, discard practices that drain and weaken the economy and look at increasing government revenue. We cannot sustain the current debt servicing obligations which he inherited from his predecessors. Nearly a year in office and he has not had the honesty to speak frankly about what has to be done, what is realistic and achievable. If he gives up the finance portfolio sooner than later this matter can be handled in a more positive way. In our seventies, we all have limitations in terms of energy and entrenched thinking. Will our Brother transcend these limitations or get us deeper into an unsustainable situation?
ANON
Just for comparison sake, singapore debt to gdp is at 170 % and japan look like its following turkiye's economic policy at 260%.
Our gomen wasting time 9n subsidies to control inflation when other countries uses strength of currency to do this. Say if we had pegged our currency to S$ like in brunei, a proton would cost just S$15k. And unsubsidised petrol at S$1.2/ litre.
Also, when price of oil was high, our gomen gave huge pay rise to themselves , civil servants and those at glcs and fund managers instead of strengthening the currency. This will affect future pension costs and like it was done to reward the political supporters.
Anyway we had two window of opportunity to…
Mandani govt (MG)objective is to trim national debt to 3.5 % by 2025,In the meantime,they hope to reduce leakages and rationalised subsidies to cover for expenses,service debt and development.The MG can't afford to go on an austerity drive or risk political instability.