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Malaysia can't keep borrowing money to service debt, warns auditor-general

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Auditor-General Nik Azman Nik Abdul Majid has warned that borrowing money to service debts can only be a short-term and temporary measure and that Malaysia needs to find a long-term solution to the problem.

"It is true that loans are always made to finance mainly development expenditure.

"Only now, in this year and last year when there was Covid-19 that part of the loan was used to finance the government's fight against the pandemic and to stimulate economic generators to help companies affected by covid," Nik Azman said in a press conference at the Dewan Rakyat today.

When asked how his department would advise the government on the matter, he said borrowing money must not be seen as a long-term solution.
Category
TV Saluran - TV Channel
Tags
kinitv, malaysia, politics
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