Lim said this means that the government will be raising a nett direct debt of RM52 billion as planned in the Budget tabled last year. — Picture by Firdaus Latif
“The government is on track to meet the 3.4 per cent target, which is lower than the 3.7 per cent of GDP fiscal deficit or RM53 billion recorded in 2018. Lim also rubbished allegations that the government had raised RM58 billion of nett direct debt as of September 26 and therefore has exceeded the planned threshold.
Secondly, Lim explained that yearly fluctuation of debt issuance and redemption should also be taken into account, as this is practiced to regularise Putrajaya’s cashflow.
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