Finance Minister Lim Guan Eng says the government's fiscal consolidation is on track as it targets to reduce the deficit from 3.7% of GDP in 2018 to below 3% by 2021.
PETALING JAYA: The government will use the repatriated US$322mil (RM1.34bil) in 1MDB assets from the United States and SG$50mil (RM152.4mil) from Singapore to repay 1MDB debts of RM51bil, says Finance Minister Lim Guan Eng.
"The Finance Ministry (MoF) warmly welcomes the Attorney General's Chambers' announcement that US$322mil from 1MDB assets is to be returned to Malaysia, following the United States Department of Justice's (DoJ) Kleptocracy Asset Recovery Initiative.
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