Malysian Debts rating to be downgrade!!!
This report looks depressing in preception by a financial institution though we are promised by the PM to keep the debts balance in check. .
This comes after some economists said that the Malaysian gomen’s debt, which nearly doubled since 2007 to RM421 billion, poses a fiscal risk to the country if not managed carefully as it impairs Malaysia’s resilience to economic shocks, which appear to be occurring with increasing frequency.
While Ah Jib Gor has vowed not to let federal government obligations exceed 55 per cent of the country’s GDP, there is increasing worry that when government-backed loans or “contingent liabilities” are taken into account, the government’s total debt exposure rose to about 65 per cent of GDP last year.
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