<p>KUALA LUMPUR - There is currently no need to increase the national statutory debt ceiling to more than 65 per cent of the gross domestic product (GDP), said Deputy Finance Minister, Datuk Seri Ahmad Maslan. He said the government had already raised the statutory debt limit twice, from 55 per cent to 60 per cent of the GDP during the Covid-19 crisis, and raised it again to 65 per cent last year. "The government’s debt is currently at RM1.5 trillion, including contingent liability, bu...</p>

KUALA LUMPUR - There is currently no need to increase the national statutory debt ceiling to more than 65 per cent of the gross domestic product (GDP), said Deputy Finance Minister, Datuk Seri Ahmad Maslan.
He said the government had already raised the statutory debt limit twice, from 55 per cent to 60 per cent of the GDP during the Covid-19 crisis, and raised it again to 65 per cent last year.
"The government’s debt is currently at RM1.5 trillion, including contingent liability, but the actual debt is at RM1.2 trillion, which is about 61 per cent of the GDP," he said.

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ALOR SETAR - The Kedah government has thanked Prime Minister, Datuk Seri Anwar Ibrahim, who is also the Finance Minister on the approval of the RM15 million allocation to improve the facilities at the Kuah and Pulau Tuba jetties in Langkawi.
Menteri Besar Datuk Seri Muhammad Sanusi Md Nor said the Langkawi Development Authority (LADA) received the allocation in December last year.
"The allocation was badly needed to restore the economy of the duty-free island, which was severely hit during the Covid-19 pandemic from 2020 to 2021,” he said in a statement today."The state government will ensure that work to upgrade the two jetties is carried out as soon as possible to attract more local and international tourists to Langkawi.

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No need to raise national statutory debt ceiling, says Ahmad Maslan