Repaying RM48bil 1MDB debt last year means people-centric projects missed out, says PM

KUALA LUMPUR: The payment of RM48bil in debts incurred by 1Malaysia Development Berhad last year could have been better used for other purposes to benefit the people, says Prime Minister Datuk Seri Anwar Ibrahim

"Universities need to be expanded, many new disciplines and courses in Artificial Intelligence and digitalisation, for instance, need to be introduced. Schools need to be equipped with new facilities," said Anwar. Anwar, who is also the Finance Minister, said this during the National Tax Conference 2024 at Kuala Lumpur Convention Centre today .

The Prime Minister said Malaysia aims to reduce its fiscal deficit target to 4.3% this year, adding that the country needs to be managed well, which is crucial for economic growth.“In 2024, we are projecting a further decrease from 5% last year to 4.3%. There must be no leakages or misappropriation or the rakyat and the country will suffer.

Also present at the conference were Deputy Finance Minister Lim Hui Ying and Inland Revenue Board chief executive officer Datuk Dr Abu Tariq Jamaluddin.Four Teluk Intan juveniles suspected of raping 11-year-old released on police bail, says Hilir Perak copsUmno leaders deny talk of PAS alliance ahead of next general electionCelcomDigi survey: 65.

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