Government consistent in explaining statutory debt, says MoF

The government has always been consistent in explaining the statutory debt, whether in Parliament or to the media, and the statutory debt is always referred to as comprising Malaysian Government Securities (MGS), Malaysian Government Investment Issues (MGII) and Malaysian Islamic Treasury Bills (MITB), Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.

He said such transparency is also reflected in the annual Fiscal Outlook report. “There have been many questions on Malaysia’s government debt lately, including how it is defined, how it has increased and whether the current statutory debt limit should be revised given the various stimulus packages launched in the past one year.

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