LAST week, the Finance Minister was quoted as saying that the country’s debt to GDP level could hit the 55% mark by year-end from the current 52% level.
This as the government has taken measures via its Prihatin and Penjana programmes to support the country and the people with income as well as to stimulate the economy. As we are aware, under the various economic stimulus programmes announced since February, the government is providing some RM301bil in stimulus package, of which some RM53bil are in the form of direct fiscal measures.