Finance minister: Only 2.5pc of federal govt debt is foreign-denominated

  • 📰 malaymail
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

KUALA LUMPUR, Aug 26 — The claim that Malaysia owes a lot of money to Indonesia is not true as only 2.5 per cent of federal government debts are foreign-denominated, said Finance...

KUALA LUMPUR, Aug 26 — The claim that Malaysia owes a lot of money to Indonesia is not true as only 2.5 per cent of federal government debts are foreign-denominated, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.

The foreign loans are from various institutions and investors from around the world, among them the United States, Europe, Japan, China, and Singapore. “So the 2.5 per cent of foreign loans cannot all be from Indonesia, it’s not logical. And the remaining 97.5 per cent of the national debt are domestic loans,” he said in a video that was uploaded on Twitter today.“One of the ways governments borrow money is through a bond issuance whereby investors will make bids for the rate of return or yield, as well as the amount wanted.

“Investors who bid the lowest rate of return but with the highest loan amount will be selected,” he said, adding that it is rare for a country to make a direct loan from another country. — Bernama

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 1. in BR

Brasil Últimas Notícias, Brasil Manchetes