KUALA LUMPUR: The government will review its current debt and liability exposure of RM1.264 trillion and revenue of RM244.5bil for Budget 2021, says Deputy Finance Minister Datuk Abdul Rahim Bakri. Abdul Rahim said the nation's actual amount of total debt is RM823.8bil, which was within the statutory ceiling of 53.6% of the nation's gross domestic product (GDP) but totalled RM1.264 trillion as it includes government liability exposure and commitments. “The actual standing will be reviewed and detailed when the Budget 2021 is tabled," he said when answering a question raised by Alice Lau Kiong Yieng (PH-Lanang) in Dewan Rakyat on Wednesday (Aug 12). He added the government liability exposure also included 1Malaysia Development Bhd (1MDB) debts of RM32.6bil and other financial liabilities of RM181.4bil linked to public-private initiative projects. Besides implementing 82 initiatives to stimulate the economy, he said the government would continue to consolidate and strengthen its fiscal standing.

Source: thestar August 12, 2020 07:18 UTC