Giving to Tabung Harapan Malaysia is an act of patriotism, says Jomo
By ARFA YUNUS and HAZWAN FAISAL MOHAMAD - June 1, 2018 @ 2:57pm
KUALA LUMPUR: Prominent economist and member of the Council of Eminent Persons, Professor Dr Jomo Kwame Sundaram today defended the newly-launched Tabung Harapan Malaysia (Malaysian Hope Fund).
He said this when asked on comments on social media by detractors calling the fund a desperate attempt by the Pakatan Harapan government to settle the national debt.
âI think itâs about patriotism,â he told reporters when met outside the Ilham Tower, where meetings of the Council of Eminent Persons have been held daily.
The fund, which has so far garnered over RM7 million, was set up for the public to donate, in light of a revelation that the national debt had surpassed the RM1 trillion mark.
The initiative was first started by a young activist and law graduate Shazarina Bakti who initiated a fundraising p age to crowdfund to reduce the nationâs debt one week before Tabung Harapan Malaysia was officially launched.
Nik Shazarina, who is a legal officer at Sisters in Islam (SIS), first started the crowdfunding move by urging the public to emulate the spirit of the fundraiser for Tunku Abdul Rahmanâs famous Merdeka Mission to London.
Finance Minister Lim Guan Enghad disclosed recently that the federal governmentâs actual debt and liabilities stood at RM1.087 trillion, or 80.3 per cent of the gross domestic product (GDP) as at Dec 31 last year.Source: Google News