Taking 1MDB’s RM1.705 billion interest payment and SRC’s RM1.5671 billion scheduled repayment, the total that the Malaysian government has to ensure is paid in 2021 is RM3.2721 billion. — Reuters pic
In such a situation, the ministry said the government would be paying off the next batch of installments owed by 1MDB and SRC International next year. As for SRC International, the ministry said the civil service’s pension fund Retirement Fund Incorporated has agreed to restructure the RM4 billion loan it had previously given to SRC International, effective from the year 2020 to March 28, 2022.
In a written parliamentary reply, the Finance Ministry said GLCs are responsible for their own debts. As of September, the total government debt exposure and liabilities is estimated to be RM1,257 billion; that’s about 87.3 per cent of the country’s gross domestic product.
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