KUALA LUMPUR: Datuk Seri Rafizi Ramli claims that Malaysia’s national debt has reached an alarming level, with total domestic and external borrowings amounting to RM1.3 trillion as of June, representing 64.7% of the country’s Gross Domestic Product (GDP) - just shy of the statutory debt ceiling of 65%.
The former economy minister said the figures underscored the urgent need for comprehensive reform in debt management, warning that even slight economic disruptions could push national debt beyond safe levels.
