Friday, 11 Oct 2019 04:14 PM MYTFinance Minister Lim Guan Eng places his Budget 2020 speech into a briefcase at the Finance Ministry in Putrajaya October 10, 2019. — Bernama pic
As of end-June 2019, the federal government debt stood at RM799.1 billion — domestic debt and outstanding offshore borrowing .On the committed guarantees, it is estimated at RM157.3 billion or 10.4 per cent of GDP, the report added. “As at end-June 2019, the government has extended advance of RM8.9 billion to 1MDB for debt servicing.
Najib’s ongoing 1MDB trial involves 25 criminal charges — four counts of abusing his position for his own financial benefit totalling almost RM2.3 billion allegedly originating from 1MDB and the resulting 21 counts of money-laundering.
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