Public sector debt swells to RM1.35t due to Covid-19 measures

BernamaPublished: Oct 29, 2021 9:21 AM

Public sector debt increased to RM1.35 trillion or 89.5 percent to gross domestic product (GDP) as at end-June 2021, mainly contributed by higher federal government debt resulting from borrowings to finance deficit, Covid-19 assistance and stimulus packages during the year.

In 2020, it was RM1.25 trillion or 88.6 percent of GDP.

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