PETALING JAYA: Civil servants spend more than half of their monthly salaries repaying debts, leaving them with limited financial buffers to weather shocks, according to a study by Bank Negara.
The central bank’s Financial Stability Review noted in its box article titled “Civil Servants’ Debt: Risks and Policy Considerations” that this is more apparent in those earning less than RM5,000 monthly.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
