Malaysia’s household debt reached RM1.65 trillion or 84.3% of GDP as of end-March 2025, said Deputy Finance Minister Lim Hui Ying. However, she assured that overall household financial health remains sound, with financial assets exceeding debt by 2.1 times. In Parliament, Lim said household debt must be viewed alongside assets, which provide a strong buffer. She noted that the median debt service ratio (DSR) remains prudent at 34% for total loans and 41% for new approvals. Meanwhile, over 64,000 borrowers have fully repaid debts through the Credit Counselling and Debt Management Agency (AKPK), with nearly 270,000 still in financial recovery programmes.
household debt
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