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Finance Ministry: Malaysia's actual debt is RM823bil, not RM1.2 trillion

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KUALA LUMPUR: The government will review its current debt and liability exposure of RM1.264 trillion and revenue of RM244.5bil for Budget 2021, says Deputy Finance Minister Datuk Abdul Rahim Bakri.

KUALA LUMPUR: The government will review its current debt and liability exposure of RM1.264 trillion and revenue of RM244.5bil for Budget 2021, says Deputy Finance Minister Datuk Abdul Rahim Bakri .

He noted the calculation also takes into account the cost of the Covid-19 economic stimulus packages, On government revenue for 2020, that was forecasted at RM244.5bil for this year based on crude oil prices of US$62 per barrel although oil prices had slumped to US$41 per barrel.

 

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Deputy finance minister I: Govt’s debt, liability exposures to reach RM1.264t at end of 2020 | Malay MailKUALA LUMPUR, Aug 12 ― The government’s debt and liability exposures are estimated to reach RM1.264 trillion by the end of this year, Deputy Finance Minister 1 Datuk Abdul Rahim Bakri said. According to him, the amount took into account this year’s overall deficit which includes funding for...
Source: malaymail - 🏆 1. / 86 Read more »