Budget 2023: National debt to hit RM1.2 trillion, says Anwar

KUALA LUMPUR: The nation's debt is expected to hit RM1.2 trillion or above 60% of the Gross Domestic Product (GDP), Prime Minister Datuk Seri Anwar Ibrahim told Parliament.

"Taking into account debts and liabilities, we will breach RM1.5 trillion or 81% of the GDP," he said when tabling Budget 2023 for its second reading in the Dewan Rakyat on Friday (Feb 24).