Malaysia's debt limit can be raised if necessary, says MIDF group MD

KUALA LUMPUR: While Malaysia's debt-to-gross domestic product (GDP) ratio may hit the 55 per cent statutory limit by year-end, the cap is "self-imposed” and can be changed through parliament if deemed necessary for the people's well-being, said Malaysian Industrial Development Finance (MIDF) group managing director Datuk Charon Wardini Mokhzani.

Technically, the legislative body could increase the debt limit but this depended on what it had to say and Malaysia would wait for the decision, he said.