KUALA LUMPUR: RAM Rating Services Berhad said today national debt will worsen if the government proceeds to acquire four toll concessionaires as this was not budgeted for earlier.
Lai also said the proposed acquisitions will have to carefully balance Malaysia’s limited fiscal space, which is underscored by its elevated effective debt level, estimated at 65.7% of GDP as of late last year. “We expect the government to consider all options available to it on the execution of its plan to gradually abolish toll collection,” infrastructure and utilities rating co-head Davinder Kaur Gill said, reported Bernama.
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