PETALING JAYA: The Finance Ministry has refuted recent allegations that Malaysia is on the verge of bankruptcy and highlighted that the government has always been “highly disciplined” in managing its debt levels. He added that the federal government’s debt remained at a manageable level. Tengku Zafrul said the federal government practiced prudent debt management through existing laws. In this regard, the federal government’s debt is “clearly still under control”, according to him. Tengku Zafrul said the false social media reports on the country’s debt position are seen as intending to mislead the public and could potentially affect investor confidence in Malaysia.

Source: The Star July 14, 2022 22:18 UTC