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

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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 .

 

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