They’re in trouble! Citizens gather money for country debt30 July 2018
Venezuela and Iran continue to suffer economic shocks while Malaysia is facing an external debt crisis. The Malaysian people have donated up to $ 41 million to the “Hope Fund” that the government has set up to contribute to the payment of the country’s foreign debt.
In the written statement made by the Ministry of Finance, it was stated that the amount collected from the halt with the Ümit Fund in two months reached 41 million dollars.
Malaysian Finance Minister Lim Guan Eng noted that there was no target for how much money to be collected, and noted that donations made by the people could be used for the benefit of the country.
The Malaysian public donated $ 1.76 million on the first day of the fund, which went on sale on May 30th.
Malaysia has about $ 252 billion in external debt from the time of former Prime Minister Necip Rezak.
In the country, the salaries of ministers were also reduced by 10 percent within the framework of the austerity measures.