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Malaysia not at risk of financial collapse like Sri Lanka, says finance minister

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KUALA LUMPUR: Finance Minister Tengku Zafrul Tengku Abdul Aziz said in parliament on Tuesday (Jul 19) that the possibility of Malaysia going bankrupt like Sri Lanka is very slim. Responding to a question by Pontian lawmaker Ahmad Maslan, the minister noted that the International Monetary Fund (IMF) h

KUALA LUMPUR: Finance Minister Tengku Zafrul Tengku Abdul Aziz said in parliament on Tuesday that the possibility of Malaysia going bankrupt like Sri Lanka is very slim.

"If we compare our economic indicators to Sri Lanka, it is clear that our economy is far stronger than theirs,” the minister was quoted as saying by New Straits Times.Mr Ahmad had asked the finance minister to clarify claims on social media that Malaysia could end up in financial ruin like Sri Lanka as a result of government debts.

Last week, Tengku Zafrul issued a statement stating that Malaysia’s fiscal position is still strong and the federal government’s debt is still under control.

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