5 Facts That You Might Not Know About Our Central Government Debt
1. As of March 2013, our Country's debt is at a whopping RM508.892 billion! Comparing the debt figure to the Petronas Net Profit for 2012 of RM59.1 billion, it takes about 8.61 years worth of oil drilling just to pay off the debt.
2. From 1st Quarter of 2007 till 1st Quarter of 2013 (6 years), this is how our country's debt graph look like:
I wish my salary rise was that exorbitant!
3. For the 1st Quarter of 2007, our Country's debt is at RM250.006 billion. Within the span of 6 years our debt has risen by an additional RM258.886 billion! That's a +103.55% increase!
4. Out of the RM508.892 billion worth of debt, about 96.82% or RM492.750 billion of it consist of Domestic Debts. These are debts from loans taken up by the Government from banking systems and private debt securities. Now where do banks obtain money from? Think about it.
5. Looking from an investment point of view. If I have RM250,006 billion to invest and would like to reach RM508.892 billion within 6 years, my annual investment returns via compounding interest would have to be approximately 12.58%!
Data obtained from Bank Negara Malaysia (BNM). Click HERE to verify.
Cheers and Happy Investing!
Related Post:
1. How Does GST, Subsidy Cuts, Credit Rating affects us as Malaysian?
2. Indonesia's Inflation Crisis...Malaysians should learn from it!
Cheers and Happy Investing!
Related Post:
1. How Does GST, Subsidy Cuts, Credit Rating affects us as Malaysian?
2. Indonesia's Inflation Crisis...Malaysians should learn from it!
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P/s : If you are looking for a passive long term investment specifically unit trust, feel free to contact me at shanesee03@gmail.com
