Debt-to-GDP ratio estimated at 63% this year

THE country’s debt-to-gross domestic product (GDP) ratio is estimated to record about 63% in 2023 and dip to slightly below 60% in 2028, under a baseline scenario based on Malaysia’s debt sustainability analysis (DSA).

Likewise, the annual gross borrowing size reflects the fiscal consolidation trajectory with gross financing needs (GFN)-to-GDP ratio forecast to gradually reduce to 5.6% in 2028 compared with 12.3% in 2023.