Debt expansion rate declines as govt borrowing falls

Finance Minister Datuk Seri Anwar Ibrahim.

KUALA LUMPUR: The growth rate for government debt is declining and is expected to go down to 6% this year from 6.4% last year, says Datuk Seri Anwar Ibrahim.

The Finance Minister said that the decline reflected the unity government’s commitment to maintaining the debt-to-gross domestic product (GDP) ratio below 60%.