Malaysia’s debt-to-GDP ratio to cross 80% in 2022

KUALA LUMPUR: Malaysia’s debt and liabilities are estimated at 1.5 trillion ringgit ($352.44 billion) for 2022 or greater than 80% of gross home product, the prime minister’s workplace stated on Friday.

Malaysia had set its debt restrict at 65% in 2021.

The federal government was dedicated to making sure that the ratio was below management, the workplace of Prime Minister Anwar Ibrahim stated in a press release.

Anwar’s workplace additionally stated the price range for this 12 months will embody measures to encourage personal sector funding and public sector reform.

Below Anwar, Malaysia can ‘do higher’ on local weather, utilizing international funds

The price range may also enhance growth expenditure to advertise inclusive growth, enhance authorities providers and rural infrastructure, it stated.

The federal government is about to current its price range for the 12 months on Feb. 24.