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

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

7 days ago

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...

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