Bloomberg
Former Malaysian Prime Minister Najib Razak is taking to social media to defend his economic record, denying his administration manipulated national debt levels and warning the new government against spooking the markets.
“The ‘spade’ had always been called a spade,” Najib said on Facebook, hitting back against Finance Minister Lim Guan Eng who said new leaders will tell the truth of Malaysia’s debt situation. “The previous government had always complied with international public debt reporting guidelines as defined by the IMF and World Bank.”
Lim gave a breakdown of government debt and liabilities exceeding 1 trillion ringgit ($251 billion). While the federal debt figure of 50.8 percent of gross domestic product matched previously reported numbers, Lim said government guarantees and lease payments for public-private projects took total debt to 80.3 percent of GDP.
As news and images of the raids circulated last week, the former Malaysian Prime Minister posted a picture of himself on Twitter having his blood pressure taken. Leaning back on a blue sofa, he said the routine check showed a “normal” reading and that the fasting month of Ramadan comes with all sorts of tests from God.