PETALING JAYA: Given the current state of government finances, it will have to resort to private financing initiatives (PFIs) or foreign-based funding for future big projects such as those in the infrastructure or construction space, said AllianceDBS Research in a report.
Citing official statistics, the research house noted that Malaysia’s Government debt-to-gross domestic product (GDP) ratio reduced to around 53.3% in 2016, while the official threshold limit is 55% to GDP. The guidance in 2017 is for it to stabilise at around 53%.
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