Trust fund set up for Malaysians to contribute to settle nation's debt


  • Nation
  • Wednesday, 30 May 2018

PUTRAJAYA: The Government has set up a trust fund known as Tabung Harapan Malaysia (THM) for Malaysians to contribute towards alleviating the country's debt, says Tun Dr Mahathir Mohamad (pic).

The Prime Minister said that the fund was set up to accept contributions from the public who want to help ease the Government's financial situation.

“When people realised how bad the Government's finances are, many came forward, expressing their willingness to contribute.

“We welcome their act of patriotism and would like to thank them for their generosity,” he said on Wednesday after chairing the Cabinet meeting.

Finance Minister Lim Guan Eng said that Malaysians can make donations to THM, which will be managed “systematically and transparently” by the Finance Ministry.

“Due to the recent economic development and the growing concern among the rakyat on the country's current debt position, there are signs of awareness from the rakyat to lend their support to the Government,” said Lim in a statement on Wednesday.

“The rakyat voluntarily want to share their earnings with the Government to help ease the burden,” he said.

Only donations in ringgit will be accepted.

THM contributions can be deposited into Maybank account number 566010626452.

“On behalf of the Government, I would like to express my sincere appreciation and gratitude to all Malaysians for your support, concerns and willingness to help the Government in addressing the current economic situation,” said Lim.

Last week, Lim had said that the country's debt was now RM1 trillion, higher than the figure announced by the previous administration.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Nation

Negotiations liquor sales ban ongoing, says FT Minister
Syndicate using luxury condominium unit to store drugs worth RM1.17mil crippled
Muhyiddin: Stern action needed against anti-vaxxers
Eight mat rempit arrested during Ops at Pasir Gudang Highway
PM to launch ‘Keluarga Malaysia’ in Kuching on Saturday (Oct 23)
Export of agricultural products to Singapore has increased, not affected by MCO, says Kiandee
TMJ tests positive for Covid-19
Warisan disappointed with deferment of Bill to amend Federal Constitution
Lorry driver claims trial to raping, robbing Myanmar woman
Melaka police looking for six suspects in assault incident

Others Also Read


Vouchers