Guan Eng finally admits Penang’s debt reduction is only a transfer of debt

11 October 2012

Finally, the truth is revealed as Penang Chief Minister Lim Guan Eng is finally willing to admit that his state government had successfully reduced the state’s debt with the help of the federal government through water restructuring.

For a long time Guan Eng has gone around boasting how successful they were in reducing Penang’s debt by RM600 million, and now it is finally revealed that Guan Eng’sbragging is actually an act of non-discriminatory assistance by the federal government given to all states, not only to Penang alone.

Therefore, we can see from this water restructuring deal that the federal government has never ignored Penang. Guan Eng’s description of Penang as “abandoned children” is only meant for him to take credit over the BN government’s contributions.

The federal government, through the Water Asset Management Company (PAAB), seeks to take over the water assets of five states, which are Johor, Melaka, Negeri Sembilan, Perlis and Penang. Thus, there is no need for the Pakatan Penang state government to trumpet about driving a hard bargain as their so-called achievement pale in comparison to Perak’s success in reducing their debt by RM900 million through the same water restructuring deal with PAAB.

Thus, we can see from the expose of this truth that Guan Eng is only capable taking credit from others to boost his own personal image in order to mislead the people into thinking that his government is truly competent and accountable.

Tan Cheng Liang

Wanita MCA Penang chairman