KUALA LUMPUR: Malaysia which was once known as the Asian tiger is now only “a small kitten”, the Prime Minister Dr.Mahathir said.
Malaysia, he claims, has turned into a small kitten due to heavy debts left by the previous government Barisan Nasional and the ex-Prime Minister Najib Razak’s mismanagement.
“Now the tiger is a very small kitten,” he said.
However, Dr Mahathir is confident that his new government, Pakatan Harapan will make Malaysia great again.
“I m quite sure the country will grow to become yet another tiger ,” he said in his keynote address at the conference ‘Malaysia: A New Dawn’ today
But to pay the massive debts, Dr Mahathir suggests the government should raise new revenue from more taxes and selling some government assets.
He said the government would introduce new taxes.
“I don’t think that is something welcome by the people but we may have to devise new taxes in order to have the money to pay our debts,” he said.
“The people suffered from a high cost of living, uncertainties, pressures applied by the then government, so much so that they no longer had faith in this country,” he added.
Dr Mahathir also said that the government would consider selling some of its assets to raise funds nand pay its debts.
-Malaysia World News