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.