,Tengku Zafrul reiterated that the statutory debt limit has not yet exceeded the 60% ceiling.
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KUALA LUMPUR: The definition of statutory debt has not changed since 2009, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said.
"The types of debts calculated under this statutory limit are under the Act adopted by the government since 2009, not my translation alone," he said in a Facebook posting while presenting the 46th Implementation and Coordination Unit Between National Agencies (LAKSANA) report today.
Tengku Zafrul reiterated that the statutory debt limit has not yet exceeded the 60% ceiling and the total debt for the three government-issued instruments at end-December 2020 is 58% of gross domestic product (GDP).
At the end of February 2021, the total debt was 54% of GDP and is expected to reach 58.5% in 2021.- Bernama