Malaysia’s debts and liabilities soar past trillion ringgit mark
Treasury officials led by deputy secretary-general Datuk Siti Zauyah Mohd Desa(left) in preparing and presenting all the relevant information.. On the right is Lim Guan Eng
PETALING JAYA: Malaysia’s total debts amounted to RM1.087 trillion, or 80.3% of gross domestic product (GDP), at the end of last year after official debt, contingent liabilities and lease payments for public-private partnerships were tabulated together.
In explaining the breakdown of the country’s liabilities, the Finance Ministry said official debt amounted to RM686.8bil (50.8% of GDP).
In addition, the government guarantees for various entities that were unable to service their debts were RM199.1bil (14.6% of GDP) and commitments to pay for lease payments through public private partnerships were RM201.4bil (14.9% of GDP).
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