Pahang Bankrupted
Pahang on brink of Bankruptcy
20th October 2004, NST
The Pahang Government is on the brink of bankruptcy and looking for new sources of revenue, Menteri Besar Datuk Seri Adnan Yaakob said today.
Adnan was commenting on a statement by Auditor-General Tan Sri Dr Hadenan A Jalil in the NST yesterday that some States were on the verge of bankruptcy.
“This is an accurate statement because our income has been static and to some extent, shrinking, while our commitments have increased. Hadenan had also said that several State Governments were not efficiently managed and were spending more than they could earn.
Pahang is brave enough to acknowledge publicly their plight. Auditor-General said there are SOME States who are on the verge of bankruptcy - would the MBs of those States be as brave as Datuk Seri Adnan Yaakob to inform the public of their plights??? The situation is not something unknown to the public except that, previously, there is a carpet thick enough to hide beneath; now, the carpets are worn-off and torn, and worms are creeping out from down under, surfacing and blemishing the skin and flesh. Lets hope, it is not too late to act and more hopefully, the public will not be made to pay for the mismanagement.
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