PUTRAJAYA: The government has sufficient funds to pay the civil servants’ salaries and does not need to borrow to do so, said Finance Minister Lim Guan Eng.
In a statement yesterday, he said this was proven by the reaffirmation of Malaysia’s sovereign credit ratings at A3 or A- with a stable outlook.
“The federal government has always been capable of paying civil servants salaries and meet other financial obligations, ” said Lim, brushing aside the allegation by Umno deputy president Datuk Seri Mohamad Hassan that the federal government had borrowed funds to pay the civil servants.
Mohamad had said this at the Negri Sembilan state assembly on Monday.
According to Lim, the government’s emoluments for the third quarter of 2019 amounted to RM19.9bil, whereas the government’s total revenue amounted to RM68.8bil. — Bernama