Malaysia’s total debt, including offshore and other borrowings, amounts to 879.6 billion RM (213.7 billion USD), equivalent to 62 percent of the gross domestic product (GDP), according to Finance Minister Zafrul Aziz.
Malaysian Prime Minister Mahathir Mohamad said on April 4 that the country does not rule out the possibility of selling more assets, including land, to keep its national debt at a manageable level, local media reported.
Malaysia’s finance ministry said on May 30 that the government has set up a fund to let the public contribute to easing the country’s huge national debt.
Malaysia’s Prime Minister Mahathir Mohamad has announced that his administration is taking various approaches to reduce the national debt from 1 trillion RM (251.2 billion USD) to 800 billion RM.
ASEAN
