Going forward, the government said it aims to improve debt affordability and sustainability in the medium and long-term, in line with the fiscal consolidation trajectory supported by fiscal reform initiatives.
AS at end-2022, total debt and liabilities exposure was estimated at RM1,445.9bil or 80.9% of gross domestic product . Debt and liabilities exposure comprise of federal government debt, as well as other financial obligations consisting of committed guarantees, 1Malaysia Development Bhd debt and other liabilities, namely, commitments of projects under public-private partnership and private financing initiatives .
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