Malaysia’s debt-juggle continues

Wellian Wiranto, OCBC Bank economist, expects Malaysia’s debt-to-GDP ratio to tick up above 55%, and inch closer to 56% of GDP by year-end.

AS a country that has faced budget deficits for over two decades amid efforts to turn surplus, Malaysia has consistently relied on borrowings to finance its revenue shortfalls.

About two years after the former Pakatan Harapan government raised the alarm on the country’s “RM1 trillion” debt dilemma, concerns on Malaysia’s elevated debt levels has yet to come to an end.