Prime Minister Tun Dr Mahathir Mohamad says the government needs three years to reduce the national debt to ceiling level of 54 per cent of the gross domestic product from 80 per cent. ― Picture via Twitter/bernamadotcom
He said despite various challenges after taking over from previous administration, the present government had managed to reduce the debt of more than RM1 trillion to its current level.
Present white paper is the proper way.
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Govt writes off RM3.8b state govt debt for rural water supply projectPUTRAJAYA: The Federal Government has agreed to write off the loan given to the state government for the rural water supply project on 2001 onward, sa...
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