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.