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The Zeros in Economy November 15, 2006

Posted by elizabethwong in Economy, Malaysia, Note2Self.
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In the past week, the following were announced.

Project Iskandar in Johor = RM 46,000,000,000
Project 2nd bridge in Penang = RM 3,000,000,000
Project Rural Development nationwide = RM 600,000,000
Project New Palace = RM 400,000,000

Total to date: RM 50,000,000,000 (RM 50 billion)

—————

Total Public Foreign Debt= RM 27 billion (as of 31 Dec 2005, source: Min of Finance)

Total Public Local Debt= RM 202 billion (as of 31 Dec 2005, source: Min of Finance)

Total Government Administration and Development Expenditure in 2005= 137 billion (as of 31 Dec 2005, source: Min of Finance)

Progress of Government policy of budget deficit reduction = Zero.

(Oh… Apparently we will save RM 4 billion when we cut fuel subsidies this year.)

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1. sam - November 18, 2006

RM4 bill not enough for the property development somewhere in Johor…


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