Question to the Prime Minister (Q1)

Malaysians are said to be very conservative when it comes to the declaration of debts but are very aggressive in revealing the debts and thus collection of debts therefrom.

Personal debts, business debts or even current accounts deficits to name a few in monetary terms, and also tangible and intangible material items which cannot be valued in monetery terms are paralysing the salaried people and businesses.

When questions are posed to the relevant bodies on how this matter to be raised and resolved, including  the existence of so many bill collectors, agents etc which act on behalf or not to recoup the amounts, nobody can give succinct and reliable solutions.

And thus, the deficiencies on both parties ie the debtors and creditors are at the peak when the claimants are so adamant in initialising actions for declaring the debts as too bad.

The state of the livelihood of people who are indebted will be less favourable in the next General Election in view of our current economic conditions and foreign exchange fiasco so to speak.

There are many government servants who are continuing studies via the aids of loans. They hope to obtain greater salary scales upon graduation and thus the increase in the amount of monthly salary can compensate the loan repayment. How many of them the Government would have to justify the salary scales to be in higher positions by 2018?

We live in the dark age of not knowing whether the future would be very bright for them who are said to be a burden to the Government. In the private sectors we can see the domestic demands for local and imported foods and goods are increasing but a slower pace, bear in mind there is no ringgit pegging kind of mechanism in place at this juncture.

What I really demand is that the Prime Minister and his shadow Prime Minister (if any) must come out with a formulae in assisting Malaysians who are taking home money less than 10% of their monthly income, but still need to repay another debts which will make their disposable income as deficient as drought water.

Nobody wants to be in the state of deficiencies or deficits every month and some quarters are asking for more deficits to earn a living.