Friday, August 13, 2004

Some intresting Facts about Malaysia you wouldn't bother to know
OR they wouldn't want to highlight


total National Debt as of is at RM 194.56 billions!!!
source:world Bank [http://www.worldbank.org/data/countrydata/aag/mys_aag.pdf]

revenues: USD$25.2 billion
expenditures: USD$28.9 billion, including capital expenditures of $9.4 billion (2004 est.)
Were spending more than we earn!! oh gosh!
Source:World CIA factbook [http://www.cia.gov/cia/publications/factbook/geos/my.html]

Mean While For the US
revenues: USD$1.946 trillion
expenditures: USD$2.052 trillion, including capital expenditures of NA (2002 est.)
1 trillion = 1000 billion

Aahahah ignoring inflation, their annual budget is enough to run malaysia for 70 years!!! lol

Since gov's money theoritically is our money , so gov debt is our debt too!! so sleep in peace, knowing were all in debt =P not to mention the bank loan u have!!

Given that the malaysian population is at 25.58 million
source:Bank Negara [http://www.bnm.gov.my/index.php?ch=111]

so,

total national debt/total population = 194.56 billion / 25.58 million = 7 605.94214

Meaning we each have a debt of RM 7605.94214, so Congragulation , your 3 month old baby has a debt of 7k++!!! lol (credit goes to grace for her idea, of calculating the debt per person)

Disclaimer : I do not warrant the information to be correct or precise, they were obtained from the web, i'm not even an economist. Read my disclaimer at the bottom of the page too!!For private distribution only, don't circulate in public, unverified and unprecise facts like this can be dangerous *hint hint*

©2004 Nicholas Loh

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