KUALA LUMPUR: Malaysia’s ability to increase its level of indebtedness is limited compared to developed nations with much lower debt service ratios, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He said the country’s ratio of debt service payments to revenue reached 16.3 per cent in 2021 and based on Budget 2022, it is expected to exceed 18 per cent.
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