Finance Minister Lim Guan Eng says the confidence of foreign investors in Malaysia continues to stay strong.
The breakdown included federal government debt of RM686.8 billion or 50.8% of GDP and government guarantees of RM199.1 billion or 14.6% of GDP. He said the government estimated about RM805 million in savings had been made through the renegotiation of infrastructure projects, while a projection of RM4 billion likely raised for the sales and services tax is to be allocated for critical ministries and the people.
He said the country recorded a 48% increase in approved FDIs across all sectors at RM80.5 billion last year.
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