Tok Pa explains rise in national debt to RM1.09 trillion last year | The Malaysian Insight

Special Select Committee on the Budget chairman Mustapa Mohamed says Putrajaya began migrating from cash-based accounting to accrual accounting in 2015, and the process will be completed in a year or two. – The Malaysian Insight pic by Afif Abd Halim, July 17, 2019.

THE national debt rose to RM1.09 trillion last year from RM1.08 trillion in 2017 based on accrual accounting, said Mustapa Mohamed. The Special Select Committee on the Budget chairman said the amount comprised federal government debt , debt guaranteed by the federal government and 1Malaysia Development Bhd’s net debt .

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