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Malaysia’s king says he’ll take a 10% pay cut as citizens crowdfund $15 million to help pay off the nation’s staggering debt





Malaysia king Yang di-Pertuan Agong XV Sultan Muhammad V

  • Malaysia’s king will take a 10% cut to his salary and emoluments to help the government pay off a $251 billion debt.
  • The king made the decision after citizens crowdfunded more than $15 million towards the debt.
  • Malaysia’s new government, elected last month, discovered the “staggering” debt after taking office.
  • The former prime minister is suspected of being under investigation for financial scandals.

Malaysia’s king has offered to take a pay cut as the country grapples with a surprise national debt of $251 billion.

Yang di-Pertuan Agong XV Sultan Muhammad V said he will take a 10% cut to his salary and emoluments through read more >>>

Source:: BusinessInsider.Com

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