New World
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So what if it Mahathir is back?
Mahathir mentioned that Malaysia is currently 1 trillion Ringgit in debt.
The new government is going to go away with 6% percent consumption tax which will result in a lost of 40 Billion Ringgit in government revenue per year.
The new government promises to increase welfare spending, buying up privatized highway and not forgetting the 1mdb scandal which has to be cleaned up.
So tell me, how did u managed to rationalized the thought of Malaysia getting new jets when first they are already flying capable jets just as F18, SU30 and secondly, the Malaysia government is deep in debt.
Every Country has its debt, Even Saudi Arabia and China have debt of Hundreds of Billion Dollars and offcourse Pakistan also has its debts of more than 100 trillion Rupees.
The thing is that Debt is not an issue but its management is the issue. and the former Prime Minister of Malaysia was corrupt to its core and probably has more than $2 billion in offshore accounts.
it is being said that former Attorney General who was trying to investigate 1mdb and was sacked by Razak Najib met with Mahathir Muhammad before elections and it is being said that former premiership will be investigated for corruptions.
Su-30 and F-18 are expensive to run and maintain, and in coming years Malaysia's relationship with west will be affected because of investigation against najib and there are chances that it might effect the defence cooperation with west.
Most important thing is that even if JF-17 deal is signed today Malaysia does not need to pay all of the money today, from signature of deal to delivery of JF-17 will take 3-5 years. So Money can be arranged in that time frame.