The country's sovereign wealth fund also manages to generate RM9 billion in revenue.
The finance minister says the increase in direct debt last year was because Putrajaya refused to resort to off-balance sheet financing 'to cover up dubious debts'.
But the prime minister says rumours could result in foreign investors pulling out.
Finance minister Lim Guan Eng says Putrajaya also on target to raise RM52 billion in net direct debt for development expenditure this year.
The European Commission would decide on the debt recovery program.
Oil supplies to Air India have resumed after it was suspended on Aug 22 for owing three state-run oil firms more than 45 billion rupees.
This checklist will get you back on track if you've let your finances fend for itself for too long.
While sticking to the minimum will keep you from defaulting on your credit card debt payments, it does not improve your finances in any way.
Najib Razak says the principal amount of 1MDB's bonds has stayed the same despite the finance minister's assertion that the government is borrowing to reduce debts.
The finance minister addresses concern over borrowing of RM58.1 billion in the first half of this year.
The club confirmed last year that the loan had increased to £637 million as costs of the project rose.
NPC already has more than US$750 million of debt outstanding prior to the latest loan.
Saudi Arabia’s purchase of America’s debt has not been discussed enough.
The former prime minister challenges Finance Minister Lim Guan Eng to prove him wrong.
Millions of Americans are paying a steep price for an education that will likely weigh them down financially for much of their adult life.
The lending terms are too harsh, say drivers' associations and a transport expert.
Find out how you can recover from financial infidelity, pay your debts and secure your future financial happiness.
If you discover purchases you didn't agree on, or that your partner gets emotional when you want to talk money, something is amiss.
The finance minister says Putrajaya has managed to reduce debts and liabilities to RM1.07 trillion.
The central African nation is seeking the International Monetary Fund for help and Beijing is not comfortable with that.
The airline has only seven jets left after dozens of others were seized by creditors in recent weeks.
You need to be smart and thorough with planning at every stage before you finally sign up for a particular home loan plan.
Here are Tips 6-10 on how to make your credit card a benefit and not a threat to your financial health.
Here are Tips 1-5 on how to make your credit card a benefit and not a threat to your financial health.