KUALA LUMPUR: The federal government’s actual debt and liabilities stood at RM1.087 trillion or 80.3 per cent of the gross domestic product (GDP) as at December 31 last year. In disclosing this, Finance Minister Lim Guan Eng said the amount included more than RM199 billion the government had to pay for various entities which failed to service their debts. This amounts to RM199.1 billion or 14.6 per cent of GDP. Finance Minister Lim Guan Eng“The lease commitments, which were designed specifically to circumvent the Federal Government guarantee and debt limits, amounted to RM201.4 billion or 14.9 per cent of GDP. The key index closed 28.59 points or 1.58 per cent lower to 1,775.66 points.

Source: New Strait Times May 24, 2018 11:03 UTC