Najib: Federal gov't debt not at critical level

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Published Jan 5, 2018

Prime Minister Najib Abdul Razak has reiterated that the federal government’s debt is not at a critical level as rumoured by certain quarters.
Via his blog, the prime minister said as of June 2017, the debt was recorded at 50.9 percent of the country’s gross domestic product (GDP), which is lower than the 55 percent level set by the government.
Najib also refuted allegations that the government was going to be bankrupt based on the federal government debt, when international economic bodies such as the World Bank had increased the growth projection for the 2017 GDP from 4.9 percent to 5.2 percent.

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Najib: Federal gov't debt not at critical level

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