No data conflict between Finance Ministry and Bank Negara on federal debt

The Finance Ministry and Bank Negara Malaysia did not release conflicting data on the Federal Government's direct debt, says Deputy Finance Minister Amiruddin Hamzah.

"MOF, through its Fiscal Updates 2018, reported the government's direct debt position at RM741 billion or 51.8 per cent of the GDP, while BNM's 2018 annual report also shows the same figures. So there is no issue of conflicting data." He was responding to a question from Senator Ismail Ibrahim, who asked what steps were being taken by the government to address the “confusion” in terms of the standards of reports issued by MOF and BNM, which he felt might hurt the Malaysian capital market and affect economic growth.

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