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Stop hiding behind debt definitions to deceive public, Najib told

  • Jun 13, 2018
Finance Minister Lim Guan Eng has lambasted former prime minister Najib Abdul Razak for deceiving the public with confusing definitions of the national debt level. Earlier today, Najib referred to a Moody’s Investor Service report to again accuse the Pakatan Harapan government of "misleading the public" by inflating the country’s debt level to RM1 trillion. In response, Lim denied overstating the magnitude of the country's debt, and reiterated that the RM1 trillion figure was made up o
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Debt to GDP ratio at 65 percent, PM says

  • May 23, 2018
The national debt to gross domestic product (GDP) ratio is now at 65 percent, says Prime Minister Dr Mahathir Mohamad.He was informed of this figure by Finance Minister Lim Guan Eng he said during a post-cabinet press conference today in Putrajaya.The premier was asked what the current debt ratio was based on his estimate that national debt was over RM1 trillion.In March, former prime minister Najib Abdul Razak said the debt ratio was at 50.8 percent, below the government's 55 percent debt ratio
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Daim: We're not going to increase debt, we're not stupid

  • May 13, 2018
Former finance minister Daim Zainuddin, who is now part of the five-member council of eminent persons under the new Pakatan Harapan government, has assured investors and fund managers alike that they are going to address all the problems affecting the economy and not going to increase debts. “There is no reason to put the economy into a state that is much worse (than before),” he told Bernama after chairing a meeting late last night with other members of the team. He was responding a q
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Debt Ridden; Are We Going To Survive.

  • Apr 2, 2018
Many Malaysians are still struggling to earn a living.It’s election season in Malaysia and it looks like this year’s political hot potato will be the national debt. National debt stands at 684 billion ringgit (US$174.31 billion), putting the country’s debt-to-gross domestic product ratio at 51 per cent. Most countries in the region have a ratio of around 41 per cent.“Some have estimated, that due to the lack of transparency, the estimated government debt could already be as high as 1.26
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