Sarawak will not go bankrupt, Michael Tiang

Michael Tiang

Political Secretary Michael Tiang responded to Lim Guan Eng’s allegation that Sarawak will go bankrupt in 3 years which he said it will not happen as  Sarawak Government is spending onits reserves when we have extra revenues to spend on state developments and expenditures.

Tiang reasoned that by implementing the 5% petroleum products sales tax starting this January, Sarawak Government will collect RM3.8 billion this year and in fact RM2 billion has been collected since last January. while PH as the federal government, only allocated RM4.3 billion for Sarawak’s annual development funds!

He said a  parent (the federal) should be feeding their child (Sarawak)! “But in our case, the opposite is true. It is Sarawak’s resources and wealth that actually sustains the national developments which are mainly focused in Malaya. Therefore Lim Guan Eng as a finance minister owes Sarawak a duty to promote Sarawak’s financial and economic growth, and bring more investments into Sarawak since Sarawak is an critical contributor of revenues to Malaysia. And definitely not making such irresponsible and untruthful speculations that ”Sarawak will go bankrupt in 3 years”. It’s a plain foolishness for a finance minister to say those words in public.I have never seen any finance ministers in other countries would say anything that would tarnish the financial integrity of their country. Lim would be the first and therefore a laughing stock to the others. I want to ask our Finance Minister: who will bear the losses caused by investments shy away from Sarawak due to his above statement? he asked.

Reminding Lim not to  label and treat Sarawak as an opposition state. Tiang added that Sarawak is one of the three founding states to the Federation of Malaysia, not an opposition state. Sarawak is constitutionally entitled to our national resources and wealth sharing as an equal partner, regardless of which political camp is now governing Sarawak! ” You may treat Pahang or Kelantan as opposition states since they are part of Malaya, but when it comes to Sarawak government, the federal is constitutionally obliged to work and cooperate with GPS government as a government of the day elected by Sarawakians”, he stated.

Michael Tiang

Michael Tiang