Guan Eng: NFC still owes the govt over RM250mil

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 National Feedlot Corporation (NFC) still owes the government over RM250mil, says Finance Minister Lim Guan Eng.

"Based on the complete statement of federal government loans as of April 30, 2019 from the Accountant-General's Department, the outstanding loan amount by NFC to the government is RM253,618,455.03, which includes interest and late interest charges as of April 30, 2019," he said in a media statement on Monday (May 20).