KUALA LUMPUR, March 30 — The federal government’s debt is expected to be fully settled in 2053 if no new loans were to be taken to finance the deficit and to refinance maturing debts from 2024 onwards, said the Finance Ministry .
Of this amount, domestic debts totalled RM1,050.1 billion while offshore loans amounted to RM29.5 billion. This amount includes federal government debt , guaranteed commitments , 1MDB , and other liabilities . “This DSC is allocated as liability item T13, which is one of the liability expenses that is first given priority over other expenditure items, as stipulated under Article 98 of the Federal Constitution, which means that all debt charges are under the responsibility of the federal government,” MoF said in a written reply on the Parliament’s website today.
Brp hutang baru sejak anwar jadi pm🤔? 2053 tu bukan sebab maturity debt tu 30 tahun ke, ke Malaysia memang plan utk bayar lambat 😂? Kerajaan sekarang memang ada approach bayar loan macam pakcik beli moto ke? tiga kali bayar utang settle, takyah pikir buat utang dah🤣
Just hope this doesn’t involve selling off national assets
Thanks to Najib and UMNO Lanun for the debt.
You cant potentially reduce your debt if you dont achieve a budget surplus. And you wont achieve that surplus if you dont recognize the fact that you need to collect more in taxes and remove subsidies, period.
Provided you do not borrow any more. In 2053 most of them will be underground.
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