PETALING JAYA: It was a water restructuring agreement where the Federal Government assisted the state government to pay interest-free instalments that has enabled Penang to reduce its debt, said an MCA leader.
“(Chief Minister) Lim (Guan Eng) has misled the people by boasting that the state's financial position is sound and that the state had reduced its debt,” said MCA Young Professionals Bureau director Datuk Chua Tee Yong.
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