Additional RM58b borrowings to pay previous govt's commitment, 1MDB debts, Guan Eng says


Finance Minister Lim Guan Eng said unlike the previous government, which had hidden the 1MDB loan payments from the public, the current government is trying to be as transparent as possible by stating the actual facts, including on matters related to finances.

KUALA LUMPUR: The additional government borrowings of RM58bil in the first six months of this year are used to pay, among others, ongoing commitments made by the previous administration including repayment of debts belonging to 1Malaysia Development Bhd (1MDB).

Finance Minister Lim Guan Eng said unlike the previous government, which had hidden the 1MDB loan payments from the public, the current government is trying to be as transparent as possible by stating the actual facts, including on matters related to finances.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
1MDB , Lim Guan Eng , AirAsia Foundation

Next In Business News

Philippine stocks set for recovery
Beauty lovers turn to TikTok and Amazon
Pricey beans�brew consumer shift
Guiding rural Thais to prosperity
Asia rides the dollar dip
EM optimism after stellar year
Trump travel ban adds to Caribbean woes
Bursa’s quiet year sets stage for comeback
Bull charges cautiously
Indonesia treads with care

Others Also Read