Well, I’m back from my break and had a lovely time with family and friends – back to regularly blogging again.
Nevertheless, this wouldn’t have been my chosen topic, but with the budget little more than a month away, I suppose its understandable.
In a column yesterday at the Malaysian Insider, Azrul Mohd Khalib repeats all the same old myths about Malaysia’s government debt (excerpt; emphasis added):
…Every national Budget over the past few years has had a deficit. When total national expenditure exceeds the revenue collected, a budget deficit then exists. The only way for the government to pay for this deficit is to borrow.