Malaysia not on verge of bankruptcy

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz noted that the government has never defaulted on servicing its interest and debt, despite going through a series of recessionary economic and financial crises before.

PETALING JAYA: The Finance Ministry has refuted recent allegations that Malaysia is on the verge of bankruptcy and highlighted that the government has always been “highly disciplined” in managing its debt levels.

The statement was issued after some quarters claimed on social media that Malaysia is set to follow the footsteps of Sri Lanka, which was recently declared as bankrupt.