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PSC affirms national debt at RM1.09 trillion

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PARLIAMENT | The total includes the direct debt of RM741 billion and other off-budget financial obligations.

| The bi-partisan Parliamentary Select Committee on government debt and liabilities has affirmed that the national debt stood at RM1,090.8 billion as of end-2018.

The PSC said that it was important for the government to paint an accurate picture of its finances to accurately prepare for the debt service charges. Committee chairperson Mustapa Mohamed told reporters later that the federal government had adopted accrual accounting in 2011, in line with the International Monetary Fund's guide on public sector debt statistics.

 

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PSC confirms govt debt, liabilities at RM1.09 trillion at 2018 year-endKUALA LUMPUR: The Special Parliamentary Select Committee on the Budget has confirmed that the government's debt and liabilities stood at RM1.09 trillion as at the end of last year.
Source: staronline - 🏆 4. / 75 Read more »