At a time when the emoluments and the retirement charges of the public sector constitute 31.2% of the RM$372.340 million Budget 2023 (which excludes contingency reserves yet-to-be disclosed) in the operating expenditure which are equivalent to the 32.8% of development expenditure for socio-economic programs and projects, including subsidies and social assistance – there is more than much concern on the performance and productivity of our civil servants.
This is heading a grueling question on total government debt and liabilities as of June 2022 which is estimated to be at RM$1.42 trillion and will rise further; indeed, it was announced on 17th. January 2023 that the national debt including liabilities has reached RM$1.5 trillion.
Total debt and liabilities are already 82 per cent of GDP, (read STORM October 2022, Underdevelopment of Development – consolidation of financial monopoly-capitalism).
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