Keeping a tight lid on debt

Datuk Johan Mahmood Merican

KUALA LUMPUR: The fiscal responsibility bill that will be tabled at the next parliament meeting will put into law some of the country’s bigger picture financial targets, says the Finance Ministry’s deputy secretary-general of treasury (policy) Datuk Johan Mahmood Merican. (pic)

“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,” he said at Malayan Banking Bhd’s Invest Asean 2022 forum entitled Malaysia: Economy at crossroads yesterday.