Anwar committed to reduce inherited debt of RM1.5 trillion

Prime Minister Anwar Ibrahim reaffirmed the Malaysian government’s commitment to reducing national debt while investing in key sectors like education, healthcare, and infrastructure. Anwar stated that the fiscal deficit has decreased to 5.0% of GDP in 2023, down from 5.6% in 2022, with a target of 4.3% in 2024. Malaysia’s national debt stands at RM1.5 trillion, or 64% of GDP, and the government aims to lower this figure to 60% gradually. Borrowings were also reduced from RM93 billion in 2023 to RM86 billion for 2024, signaling the government’s focus on sustainable fiscal management.

Inherited Debt

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