Government and Politics
Masidi: Bond repayment pre-planned since 2014, not Warisan’s one-year feat
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AI Summary
Sabah Finance Minister Masidi Manjun refuted claims by Warisan president Shafie Apdal that repaying a RM1 billion state bond in 2019 was a Warisan achievement. Masidi clarified that the repayment was planned since 2014 under a Bank Negara requirement, with annual allocations of RM200 million to a sinking fund. By 2018, the funds were already budgeted, with only the final RM380 million instalment tabled during Warisan's tenure. He also dismissed allegations of RM500 million being spent in another state, stating official records show the funds were used to repay a previous bond and finance development projects within Sabah.
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