Finance ministry: Govt committed to complete Felda recovery plan implementation

KUALA LUMPUR, July 9 — The Unity Government is committed to ensuring the implementation of the Felda recovery plan, which includes the settlement of settlers’ debts as previously announced, is completed.

“From this year, the government has provided an allocation of up to RM1 billion per annum to enable the repayment of Felda sukuk which, among other things, funds the write-off of settlers’ debts,” the ministry said in a statement today. The major part of the restructuring of Felda’s loans is to reduce the principal of the debt to financial institutions by RM7.9 billion.At the ‘Temu Anwar’ programme in Kedah yesterday, Anwar also explained that there was indeed an agreement by the previous government to dispose of the debt involved, but it was not implemented.

“Only in Budget Madani 2023 did I start to set aside over RM990 million, as an early allocation to dispose of Felda settlers’ debt, amounting to RM8.3 billion,” he said.

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