Malaysia 1 Trillion Debt

This article has been updated for accuracy kuala lumpur. The government s debt and liabilities amounted to rm1 09 trillion as at end 2018. The government is committed to paying the debt of entities which are unable to do so including rm42 2 billion for danainfra nasional bhd rm26 6 billion for prasarana malaysia bhd and rm38 billion for the insolvent 1mdb.

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And 3 rm201 4 billion committed lease obligations from a list of public private partnership ppp projects.

Malaysia 1 trillion debt. As announced on may 24 federal government debt of rm1 0873 trillion as at end 2017 is made up of 1 rm686 8 billion official debt. Kuala lumpur malaysia s new finance minister lim guan eng on thursday may 24 gave a breakdown of government debt and liabilities exceeding 1 trillion ringgit s 336 51 billion a figure. Malaysia s new finance minister lim guan eng on thursday gave a breakdown of government debt and liabilities exceeding 1 trillion ringgit 251 billion a figure that s fueled market worries. The official federal government debt of rm686 8 billion equates to 50 8 of gdp and the total debt and liabilities amounting to rm1 087 trillion is 80 3 of gdp.

The finance ministry revealed that malaysia s total debts amounted to rm1 087 trillion which is 80 3 of the country s gross domestic product gdp as at the end of last year. The government will review its current debt and liability exposure of rm1 264 trillion and revenue of rm244 5bil for budget 2021 says deputy finance minister datuk abdul rahim bakri. That is 12 zeroes. That sum includes government guarantees of rm132 7 billion worth of borrowings.

That takes the total debt to rm1 087 trillion or 80 3 of gdp. The government guaranteed debt that is currently on the government s shoulder is almost half of the total rm266 5 billion borrowings that are guaranteed by the government. Government guarantees of rm199 1 billion or 14 6 of gdp. 2 rm199 1 billion committed government guarantees items a b c in the table.

Finance minister lim guan eng yesterday detailed how the new malaysia government discovered that federal debt reached rm1 trillion s 337 billion a sum disputed by ousted premier najib razak. The newly set up debt management committee dmc chaired by the finance minister convened its first meeting yesterday to discuss the government s overall debt and liabilities of rm1 1 trillion. This was revealed after the official debt contingent liabilities and lease payments for the public private partnerships were calculated.