As at end-2022, the federal government debt stood at RM1,079.6bil or 60.4% of GDP. — Reuters
THE government is committed to gradually reduce federal government debt to pre-pandemic levels and rebuild fiscal space to encounter future uncertainties. During the Covid-19 pandemic period, the government had increased the statutory debt limit from 55% to 65% of gross domestic product through the enactment of the Temporary Measures for Government Financing Act 2020. This is to provide fiscal headroom to fund stimulus and economic recovery packages in mitigating the impact of the Covid-19 crisis.
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