The Zeros in Economy November 15, 2006Posted by elizabethwong in Economy, Malaysia, Note2Self.
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.)