KUALA LUMPUR: Former Finance Minister Tengku Razaleigh Hamzah (pic) has called for a detailed explanation regarding the nation's current financial situation, which he deemed was in a "critical" state.

He also mentioned political and economical gridlock was "unprecedented" throughout his career.

"The Government needs to be transparent and inform the Dewan Rakyat the true situation regarding the country's debts.

He pushed for the Dewan to reveal any and all letters of guarantee, letters of comfort or letters of understanding given to certain institutions to allow parliamentarian to make an informed decision on whether to continue burdening the people.

He reiterated his call for the postponement of the Goods and Services Tax (GST), which he penned in a letter dated Oct 30 last year and delivered to all Parliamentarians.

"The reason behind the GST should not be kept a secret. If the rakyat is given additional burden we are being unfair to them. We need to be cautious on whether the government has a right to enforce this additional burden," he said.

He stressed that allegiance to the rakyat overrides partisan views.

"We need to be brave in upholding the rights of the rakyat whom we represent, even if it means we have to break ranks with the party," he said.

The Gua Musang MP also called for the declaration of assets and liability of all parliamentarians and Cabinet ministers past and present to be kept with a special body created by a Parliamentary act.

He also called for a similar declaration for those within the public and private sectors past and present who have held decision-making powers.