Dr M: Govt is reducing debts, hopes market doesn't prefer lies over truth

Tun Dr Mahathir Mohamad delivers a speech during the American Malaysian Chamber of Commerce luncheon. - Bernama

KUALA LUMPUR — The government is hopeful of substantially reducing government debt in the next few months, said Prime Minister Tun Dr Mahathir Mohamad.

He said since taking over as Prime Minister, his government had cancelled a number of costly projects which contributed to the overall debt reduction.