KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz will propose to raise the statutory debt limit to 65 per cent from the current 60 per cent of the gross domestic product (GDP).
He said although the statutory debt-to-GDP ratio is currently at about 58 per cent, given the commitment made by the government to support the people and businesses, the debt-to-GDP ratio would probably increase to above 60 per cent by year-end.
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