Malaysian Government debt is in excess of RM 630 billion,and at 58.6% of GDP, has exceeded the Government's own ceiling

by Ganesh Sahathevan

The Malay Mail Online  reported yesterday :

“The Federal Government’s latest debt amount for the year ending December 31 2015 is RM 630.5 billion, or 54.5 per cent of the GDP. However, the MOF said the debt is still manageable.
“The government is committed to ensure that the Federal Government’s debts do not exceed 55 per cent of the GDP.

However, as previously reported on this blog, Government debt estimates do not include debt incurred by 1MDB.


Adding 1 MDB debt of approximately RM 47 billion raises the level of  Government debt to RM
677.5 billion,. Given the underlying GDP figure of RM 1156.88 billion, that debt comes to 58.56% of GDP, more than 3 percentage points above the ceiling.

END




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