KUALA LUMPUR: The government’s over dependence on taking new loans to finance the repayment of loan principals which have matured, has been described as worrying, says Auditor-General Datuk Nik Azman Nik Abdul Majid.
This is because the loans should be paid using existing proceeds or any surplus of the government proceeds, he added.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!