Federal govt debt to increase to 61% of GDP in 2021

Federal govt debt to increase to 61% of GDP in 2021

The Edge Markets - Malaysia·2020-11-07 05:13

KUALA LUMPUR (Nov 6): The federal government is raising more debt to finance a wider fiscal deficit as it is in the driver seat to steer the economy out of recession. 

The national debt is expected to inch up further to hit 61% of gross domestic product (GDP) in 2021, up from 60.7% in 2020 and 52.5% in 2019.

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Finance

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