KUALA LUMPUR, March 17 — 1MDB’s Assets Recovery Trust Account still has a balance of RM15.76 billion, including from hibah and foreign exchange gains/losses, to repay most of the principal and interest on 1MDB debt in 2022.
“The government still needs to make up for the shortfall of funds of RM17 billion for the purpose of settling the principal and interest on 1MDB’s debt of RM38.8 billion for the period of 2022 to 2039,” he said when responding to a question from Karupaiya Mutusami during a ministerial question time at the Dewan Rakyat today.
He said these funds were channelled through the Ministry of Finance and the Minister of Finance Incorporated for the purpose of payment of commitments and interest on 1MDB’s debt.
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