Has been the theme for those who say that we should not take Budget 2017 seriously .
"I am right, You are Wrong", Edward de Bono's masterpiece on lateral thinking is being used literally to bash Malaysia into the doomed economic club.
Does Malaysia have problems? You can bet on it, but are they terminal problems, or as financial experts say problems that occurs DUE to NORMAL course of Business
Let's let the numbers do they talking, BECAUSE numbers CANNOT lie, they only state what is FACTUAL.
According to IMF, the World has US$152 trillion worth of debt, and this is the main reason why nations economies are due for slower growth.
The US is the most indebted nation with some US$19 trillion worth of debt, which is about 114 per cent of its GDP.
How about Malaysia, then . Well as at March 15 2015, We have about US$230 billion worth of external debt, which comes out to about 63 per cent of GDP.
Our immediate neighbours, Singapore has US$1.76 TRILLION worth of debts as at November 2015, which comes up to about 408 PER CENT of GDP.
At this level, based on Debt to GDP ratio, SIngspore is ACTUALLY, the most INDEBTED nation in the WORLD.
Malaysia is one of few leading trading nations whoes debt to GDP ratio is still in Double Digits.
So Tell me, who is RUNNING out of MONEY? Certainly not MALAYSIA, you might find the anwser on the OTHER side of the ROAD.