Datuk Seri Tengku Zafrul Abdul Aziz said Malaysia's debt level is expected to reach 56 per cent of GDP. — Bernama pic
“I feel this debt-to-GDP ratio is sufficient for now. By the end of this year, our debt level is expected to reach 56 per cent of GDP,” he said during an interview on TV3’s Buletin Utama programme tonight.He was responding to a question on whether the ceiling should be raised further to 65 per cent to strengthen the country’s economy.“If it is raised to 65 per cent of GDP, that will be an increase of RM75 billion. It really depends on how we fight the COVID-19 pandemic,” Tengku Zafrul said.
The Malaysian government is allocating RM322.5 billion, or 20.6 per cent of the GDP, for Budget 2021.
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