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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

1MDB , Lim Guan Eng , AirAsia Foundation

   

Next In Business News

Khairy Jamaluddin named member of India-based Fischer Medical Ventures board
Ringgit has been unfortunate, unfairly assessed vs US dollar -BNM
Wall St set for muted open as weak earnings offset jobless claims relief
Creador’s Brahmal emerges as substantial shareholder of MCE Holdings
US weekly jobless claims increase more than expected
AmBank launches revamped AmOnline mobile banking
Pentamaster to prioritise sustainability
Kerjaya Prospek Property to jointly develop Batu Kawan land for proposed mixed development
Ringgit almost unchanged against greenback at the close
Malaysia to retain lead in Asia-Pacific Islamic banking market - S&P Global

Others Also Read