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.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Jinhua – a trading hub without borders
From the ashes of Fluff comes Big Mouth
AI disruption fears rock markets
Asia bonds for diversification
Private equity hits a sixer
US LNG exporters lead in gas use
Up in Arms - or up the value chain?
Ringgit closes higher against greenback on cautious market sentiment
T7 Global subsidiary appointed panel contractor for PETRONAS
YTL inks RM200mil naming rights deal with Aviva for Bristol arena

Others Also Read