Wednesday, 12 Aug 2020 03:18 PM MYT
According to him, the amount took into account this year’s overall deficit which includes funding for the stimulus package and economic recovery plan. Based on the application of Standard Government Finance Statistics 1986, Abdul Rahim said the federal government debt stood at RM823.8 billion while the debt position at 53.6 per cent of Gross Domestic Product , based on the statutory limit.
“During the tabling of the 2020 Budget, the government has announced the federal government’s projected total revenue of RM244.5 billion for 2020, assuming the global crude oil price, Brent, at US$62 per barrel.
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