No need to raise national statutory debt ceiling, Ahmad Maslan says | The Malaysian Insight

No need to raise national statutory debt ceiling, Ahmad Maslan says

Deputy Finance Minister Ahmad Maslan says there is currently no need to increase the national statutory debt ceiling to more than 65% of the GDP. – The Malaysian Insight file pic, January 26, 2023.

“The government’s debt is currently at RM1.5 trillion, including contingent liability, but the actual debt is at RM1.2 trillion, which is about 61% of the GDP,” he said to reporters after the signing ceremony of a memorandum of understanding between the Malaysian Small Entrepreneurs Chamber of Commerce and Uniti Asia Group of Business in Kuala Lumpur today.

On another note, he said Budget 2023 will also look into the wellbeing of MSMEs and SMEs as they are the driving force for the nation’s economy.

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