A local financial research group is concerned about the government's increasing debts and is hoping that Prime Minister Najib Tun Razak will be prudent with his 'handouts'.
PETALING JAYA: With a RM290 billion debt hanging over its head and with continued overspending, the government is on a reckless path to self-destruction which could well eat into the people’s Employee Provident Fund (EPF) contributions.
According to a research group although the country has been running on deficit since 1998, it has however not stopped the government from spending beyond its means.
The group pointed out that the government has overspent by RM290 billion in the past 13 years.
‘What if govt cannot repay EPF?’
