: The newly set up Debt Management Committee chaired by the Minister of Finance convened its first meeting yesterday, to discuss the government’s overall debt and liabilities of RM1.1 trillion or 75.4% of the gross domestic product as at end-2018.
“Total committed government guarantees that are paid by the government, to finance ongoing public transport projects also rose. MoF said the committee would identify measures to reduce the level, as well as improve the management of government debt and liabilities.
Lowering interest rates do not necessarily generate growth or encourage spending. We are a nation of savers not borrowers. Tho it results in low borrowing costs, but it’ll take at least 18mo to yield the intended resulted. RM currency will go down & external debt escalate upwards
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