MUAR: The government does not want to take on any more unnecessary loans as they do not wish to burden the younger generation with debt, says Prime Minister Datuk Seri Anwar Ibrahim.
He added that in 2022, the country borrowed RM100bil, but this has since been reduced to RM90bil in 2023 and RM80bil in 2024.
"We do not want to take on more loans. If we keep taking loans, it will be a burden to the younger generation," he said during the launch of the 2025 National Month and Fly the Jalur Gemilang campaign at Dataran Tanjung Emas on Sunday (July 27), marking the beginning of the nationwide celebration.
He added that he understood when past leaders like Tun Abdul Razak borrowed from the World Bank to set up the Federal Land Development Authority (Felda) and for rural development.
"Such loans for development I can accept, but I will oppose those who want to take loans and then siphon them," he said, adding that it is important for the country to continue paying off its loans to attract investments.
