Household debt stands at RM1.03tril, says Chua


KUALA LUMPUR: Malaysia's household debt stood at RM1.03tril or 89.1% of gross domestic product (GDP).

Deputy Finance Minister Datuk Chua Tee Yong (pic) said 62.6% of household debt was in long-term loans from banks and non-banking financial institutions for property acquisition and financial investments.

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Malaysia , household debt , RM1.03tril , GDP , Parliament

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