Covid-19 fund expenditure ceiling increased to RM110bil

KUALA LUMPUR: Putrajaya decided to raise its statutory debt ceiling to 65% of the gross domestic product (GDP) as it was RM5bil short of reaching the threshold in September, says Tengku Datuk Seri Zafrul Abdul Aziz.

The Finance Minister also said the government had spent RM60bil for various programs to combat the pandemic since the start of the year.