Sarawak Business Federation: Guan Eng's comment 'oversimplistic'

Finance Minister Lim Guan Eng gesturing while delivering his speech during the luncheon in celebration of the 45th Anniversary of the Establishment of Diplomatic Relations between China and Malaysia at Shangri-La Hotel in Kuala Lumpur on Monday. IZZRAFIQ ALIAS / The Star. June 24, 2019.

KUCHING: It is "oversimplistic" and misleading for Finance Minister Lim Guan Eng to claim that Sarawak will go bankrupt in three years under the leadership of Gabungan Parti Sarawak (GPS), says a state business association.

The Sarawak Business Federation (SBF) said this was because Lim only focused on expenditure and not revenue in alleging that the state's reserves of RM31bil would be used up if GPS maintained an annual budget of RM11bil.