Wacana Khas Bertajuk: "Causes And Consequences Of Financial Crisis" : 30 Jun 2010

Wacana Khas Bertajuk: "Causes And Consequences Of Financial Crisis" : 30 Jun 2010

SPECIAL WACANA

TOPIC: "Causes And Consequences Of Financial Crisis"

BY : PROF NAZARI ( UNIVERSITY MALAYSIA)

DATE : 30 JUN 2010

PLACE : PERTUBUHAN KEBAJIKAN AL-NIDAA' MALAYSIA
17A TINGKAT SATU
LORONG DATUK SULAIMAN 7
TAMAN TUN DR. ISMAIL
60000 KUALA LUMPUR

"Malaysians were given a rude wake-up call when the Minister in Prime Minister's
Department Sdr Idris Jala revealed that Malaysia will go bust in nine years if it
does not slash subsidies and cut its government expenditure to curb spiraling debt.

The country's debt, government debt in 1997 stood at RM90 billion. This has grown at
the rate of 12% per annum to RM362 billiopn today. Over the next nine years the government debt will balloon to RM1.16 trillion.

The Issue of bankruptcy arises because there is a lingering question as to whether
there will be enough Government revenue to service the debt and to operate
hospitals and schools etc.

According to Idris the culprit is the subsidies dished out by the Government.
Is there a basis to focus on subsidies as the main cause more so when
the removal of subsidies for essential items will lead to inflation."

Semua Dijemput Hadir

Yuran Masuk
Student RM5.00
Dewasa RM10.00

More info? http://www.al-nidaa.com.my/