KUALA LUMPUR: Finance Minister Lim Guan Eng (pic) has released details of how the RM1tril national debt figure was calculated. Lim said that the RM1tril figure quoted by Prime Minister Tun Dr Mahathir Mohamad included the total government debt, government guarantees and lease payments for public-private partnerships (PPP). However, Lim reassured the public saying; "The financial sector is stable, the banking sector is well-capitalised and there is sufficient liquidity in the market". The official federal government debt is RM686.8 billion (50.8% of the gross domestic product, or GDP). The financial sector is stable, the banking sector is well-capitalised and there is sufficient liquidity in the market.

Source: The Star May 24, 2018 11:25 UTC