KUALA LUMPUR: The Finance Ministry says Malaysia’s direct debt rose from 50.1% of gross domestic product (GDP) in 2017 to 51.2% last year to directly fund the fiscal deficit, without the Government resorting to off-balance sheet financing to cover up dubious debts as practised by the previous administration.
This despite the Government’s total debt and liabilities being reduced from 79.3% of GDP in 2017 to 75.4% in 2018, said Finance Minister Lim Guan Eng.
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