Malaysia always had a deficit national budget where The Government had always spent more than what it can collect except for the so-called golden years between 1993 to 1997 when the budget recorded a surplus and also low deficit budgets in between. Image source: Trading Economics.
One has to say that it was an end of an era in British history when Queen Elizabeth II passed away on the 8th of September 2022 after reigning on the crown for more than 70 years. She was 96 years old and the crown will now be handed over to her son, Prince Charles who will finally become King Charles III. Image source: Pedcymro29 Youtube Channel
COVID-19 pandemic, public funds mismanagement and corruption have driven some countries into severe external debts that they were unable to recover from and this saw massive public riots that had driven the politicians involved out of their country. One such example is Sri Lanka where the President of the country had fled the country and the country is in a major riot. Image source: BBC