Malaysia set to raise debt-to-GDP limit

Finance Minister Tengku Zafrul speaking in Parliament on 11 Oct 2021parliament 11 Oct 21

KUALA LUMPUR: After clearing a key vote in parliament, Malaysia is set to raise the limit on government debt for the second time in a little over a year as it seeks to fund additional pandemic support measures and bolster its economic recovery.

A majority of lawmakers in the lower house voted for increasing the statutory debt ceiling to 65% of gross domestic product (GDP) until end-2022, from 60%.