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Federal Government Debt Remains Manageable

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KUALA LUMPUR – Federal government debt remains manageable and the country is
categorised as moderately indebted, Datuk Seri Najib Tun Razak said today.

The Prime Minister said that as at the end of June this year, federal
government debt amounted to RM655.7 billion or 53.2 per cent of the Gross
Domestic Product.

Up to 95.9 per cent or RM628.8 billion of that sum was domestic debt while
4.1 per cent or RM26.9 billion was offshore borrowings, said Najib, who is also
the Finance Minister, during the special Ministers’ Question Time in the Dewan
Rakyat.

“The borrowings of the federal government are aimed at meeting deficits that
arose as a result of lack of revenue to finance government development
expenditure.

“This development expenditure met by the loans is productive expenditure
that can buttress economic growth and bring benefits to the people, through
construction of schools, hospitals, roads and dams,” he said. – Bernama

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