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Old Posted Apr 27, 2021, 8:22 PM
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Government's debt still under 60pct limit: Tengku Zafrul
By Ayisy Yusof March 24, 2021 @ 4:32pm
KUALA LUMPUR: The government's debt-to-gross domestic product (GDP) ratio is likely to reach 58.5 per cent by the year-end and not exceed the statutory limit of 60 per cent, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

He said the collective amount for the government-issued instruments from Malaysian Government Securities (MGS), Malaysian Government Investment Issues (MGII) and Malaysian Islamic Treasury Bills (MITB) stood at 58 per cent of GDP as at end-December.

Limits for these types of debts are stipulated in specific Acts and have been applied since 2009, and not my own personal interpretation. Simply stated, the definition of statutory debt has not changed since 2009.

"Government debt is still below the statutory limit as stipulated by law. As at end-February 2021, the government's total debt was 54 per cent of GDP," Tengku Zafrul said in his 46th edition of the Laksana report today.
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