News Formal

Finance minister: Govt plans to raise statutory debt limit to 60pc of GDP | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Finance minister: Govt plans to raise statutory debt limit to 60pc of GDP

Thursday, 06 Aug 2020 10:02 PM MYT

Finance Minister Tengku Datuk Seri Tengku Zafrul Abdul Aziz said the ministry today tabled for first reading the Temporary Measures For Government Financing Bill 2020 which aimed at revising the self-imposed debt ceiling, among others. The government would focus on preserving fiscal discipline, as it was committed to reducing the fiscal deficit level to below four per cent in the medium term, he said.

The country's financial ecosystem was highly resilient, Tengku Zafrul said, noting that its banking institutions had capital buffers of RM121 billion now ― three times larger than during the 2009 crisis.

 

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:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia’s current debt and liabilities is RM1.2t, finance minister tells Parliament | Malay MailKUALA LUMPUR, Aug 6 ― Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today affirmed Malaysia’s debt and liabilities currently stand at RM1.2 trillion as announced by the former Pakatan Harapan (PH) administration. He debunked claims by Umno MPs claim that PH lied when its then finance...
Source: malaymail - 🏆 1. / 86 Read more »