Tag: government debt
Barjoyai Bardai says Putrajaya needs to control the rate at which it is spending money.
The amount comprises federal government debt, debts guaranteed by the federal government and 1MDB's net debt, among others.
The former prime minister says Malaysia's official debt stands at RM800.9 billion, compared to RM686.8 billion at the end of 2017 under the BN administration.
However, Barjoyai Bardai says the country's debt situation is not worrying yet despite the increase in direct government debt.
The rating agency says real GDP growth may slow to 4.7% and 4.5% in 2019 and 2020 respectively, after averaging around 5.0% from 2015 to 2018.
Barjoyai Bardai says it will be difficult for the government to make good on its promises within 100 days, but it needs to keep working at it.
Lim Guan Eng says the government needs to stabilise its finances before it can implement the promises in its election manifesto.
Nurhaizal Azam Arif says if the government is transparent in its dealings, the people will become even more patriotic than before.
Finance ministry says 96.7% or RM662.4 billion is domestic debt.
Although warning that there is a risk to the government’s optimistic revenue projections, the ratings agency says federal government debt will be on a downward path.