10-06-2022, 06:04 PM
![[Image: 02-PERDANA-PUTRA-PUTRAJAYA.jpg]](https://s3media.freemalaysiatoday.com/wp-content/uploads/2021/10/02-PERDANA-PUTRA-PUTRAJAYA.jpg)
PETALING JAYA: The Public Accounts Committee (PAC) has expressed concern over the RM100 billion increase in the federal government’s debt in a span of a year.
PAC chairman Wong Kah Woh said the Auditor-General’s Report released today stated that Putrajaya’s debt stood at RM979.814 billion last year compared with RM879.56 billion in 2020.
In a statement, he pointed out that this meant that the ratio of the federal government’s debt to the gross domestic product (GDP) was now at 63.4%.
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According to Wong, the increase in federal debt had caused the government’s overall liability in 2021 to be at RM1.3 trillion, or 84% of GDP.
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