As at end-August 2023, the total federal government debt stood at RM1.14 trillion or 62 per cent of GDP, the Ministry of Finance said in the 2024 Fiscal Outlook and Federal Government Revenue Estimates report released today. — Picture by Yusof Mat IsaKUALA LUMPUR, Oct 13 ― The federal government debt is projected to be around 64 per cent of gross domestic product as at end-2024, higher than RM1.15 trillion or 61.
“Given the sufficient liquidity and resiliency of domestic debt capital market, funding will be raised entirely onshore.” The DSC has increased over the past few years due to higher borrowings to finance the Covid-19 fund and development expenditure, said the MoF.Hence, the DSC is currently the third largest component accounting for 15.4 per cent of operational expenditure, and is estimated to surge by 11.7 per cent to RM46.1 billion, the MoF said in the report released today.
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