KUALA LUMPUR: Malaysia’s national debt has reached RM1.5 trillion and immediate action must be taken to address the issue, Prime Minister Anwar Ibrahim said on Tuesday .
He was quoted as saying by the New Straits Times that the figure also suggests that the country’s budget deficit will widen further than the earlier estimate of 5.8 per cent of the GDP for 2022. In 2018, then-prime minister Mahathir Mohamad revealed that the country was saddled with more than RM1 trillion in debt following the opposition coalition's win in the 2018 General Election. Dr Mahathir then blamed the previous government led by former protege Najib Razak on the issue.
Mr Anwar was quoted as saying by national news agency Bernama on Tuesday that the economy is still “considered weak”.
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