Fiscal responsibility bill aims to keep country's debt in check, says MoF

Datuk Johan Mahmood Merican

KUALA LUMPUR: The planned Fiscal Responsibility Bill that will be tabled at the next parliament session will put into law some of the country's bigger picture financial targets, said the Finance Ministry's Deputy Secretary General of Treasury (Policy) Datuk Johan Mahmood Merican.

"Part of this involves having a fiscal charter - an overall debt limit that would capture all the debt such as government-guaranteed debt. This will come in time for 2023's budget," Johan said at the Invest Asean 2022 seminar titled Malaysia: Economy at Crossroads.