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Image retrieved from Kementerian Kewangan Malaysia Facebook.

Malaysians come together to crowd funds for its RM686.8 billion debt

What started as an initiative by Nik Shazarina Bakti who is a legal officer for Sisters in Islam (SIS) had since gained support by the Ministry of Finance Malaysia with the establishment of the Tabung Harapan Malaysia (THM) or Malaysia’s Hope Fund.

Image retrieved from https://gogetfunding.com/please-help-malaysia/

The patriotic 27-year-old stated in the gogetfunding.com website that “I set this fundraising page up as I hope to gather Malaysians and also the rest of the world to help contribute towards reducing Malaysia's debt.”

Ms Shazarina’s campaign had initially stopped due to the suspension of her PayPal account after receiving a flood of donations and since ceased as the Malaysian government established an official crowdfunding channel.

Since the formation of the newly led Pakatan Harapan government, one of the aims of Prime Minister Mahathir Mohamad is to reform Malaysia’s economy.

Among the first initiatives is to reduce the country’s debt. With the announcement of the country’s national debt during a cabinet meeting, this topic had led to the ongoing THM crowdfunding. Although there are no targeted amount, the fund has been increasing steadily over the past 11 days since the setting up.

Malaysians continue to be on the look out for the latest amount raised. Despite having some criticisms, this did not deter the efforts of fellow Malaysians who are willing to do their part. Some encouraging comments made by Facebook users on the latest update of the fund include,