Finance Ministry: Govt rules out debt monetisation to increase revenue

KUALA LUMPUR, March 27 — The government has no intention to use debt monetisation financing strategy as one of the ways to increase government revenue, said the Ministry of Finance .

Leong inquired whether the government had considered debt monetisation or the method of selling government bonds to Bank Negara Malaysia as a way to increase revenue. “In this regard, the government has implemented a prudent financing strategy by adhering to the debt-related legislation which has been stipulated,” the ministry said.

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