Finance minister: Debt Management Office formed to manage govt debt, liabilities | Malay Mail

Finance Minister Lim Guan Eng said that the office will oversee the issuance and propose the structure of debt incurred by Putrajaya as well as its statutory bodies and government special purpose vehicles. — Picture by Miera Zulyana

In a press statement today, Finance Minister Lim Guan Eng made the announcement, saying that the office will oversee the issuance and propose the structure of debt incurred by Putrajaya as well as its statutory bodies and government special purpose vehicles. “The office is among the institutional reforms carried out to strengthen the government’s fiscal position that is closely monitored by international credit rating agencies,” said Lim.

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Finance Ministry: Returned 1MDB funds will be used to service debts | Malay MailKUALA LUMPUR, May 8 — The US$322 million (RM1.3 billion) received through the repatriation of 1MDB assets will be used to service the sovereign wealth fund’s total debts of RM51 billion. The Finance Ministry said the debt amount includes the interest borne and loans taken from the ministry of...
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