Treasury: Malaysia not going bankrupt


The central bank announced that this was because he had ceased to hold the office of secretary-general of the Treasury from that date.

PUTRAJAYA: The claim by certain people that Malaysia will be bankrupt following the ringgit slump and drop in oil price is wrong, says Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah (pic).

He said the country’s economy was still growing strong at the rate of more than 5% and new approaches would be undertaken to ensure continued prudent spending by the Government.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Government , Malaysia , ringgit

Next In Nation

365 foreigners charged over MyKad, birth certificate fraud as of August 2026
Immigration raids arrest 122 illegal immigrants at factories in KL, Penang
Man believed killed by elephant while searching for missing cow in Kuala Krai
Blaze reported at two wards in Jengka Hospital, 17 escaped unhurt
Landslide strikes metres ahead of Malaysian aid team in Nepal
Tok Mat warns Umno against complacency after Johor, Negri Sembilan poll victories
Tok Mat: Umno open to Malay unity cooperation but won’t be anyone’s pawn
Malay voters want strong Malay-Muslim representation, says Tok Mat
Tok Mat: Umno must stand on its own, not rely on seasonal alliances
Assessment of Zara Qairina's mother unnecessary for psychological autopsy, says witness

Others Also Read