Govt not bankrupt, debt currently stands at RM1.2 trillion, says Finance Minister

  • 📰 staronline
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR: The government's current debt stands at RM1.2 trillion, says Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

However, the minister insisted that the government is not bankrupt as the administration has managed to repay all of its debt on time."However, in totality, if you take into account the government's liability, and the off-budget, which the Perikatan Nasional government does not do, it is RM1.2 trillion.

"We have been paying all our debts on time," said Zafrul in his ministry's winding up speech on the Royal address on Thursday .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines