Malaysia – Federal Government’s total debt was RM 456.1 billion

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Kuala Lumpur, May 8 (Bernama) – Malaysia’s national debt at the end of last year stood RM 257.2 billion or 30.02 per cent Gross Domestic Product (GDP), the Dewan Negara was told today.

Deputy Finance Minister Senator Datuk Donald Lim Siang Chai said the country’s national debt or external debt borne by the country following loans obtained by the government and private sector from overseas sources.

“it comproses the external debt of the Federal Government, non-financial public enterprises and private sector,” he said in reply to Senator Datuk Paul Kong Sing Chu and Senator Datuk Abdul Rahman Bakar.

Lim said the Federal Government’s total debt was RM 456.1 billion or 53.5 per cent of GDP. “of the total, RM 438 billion of 96 per cent was domestic debt while the balance RM18.1 billion or four per cents was external debt. –Bernama