RM100bil rise in Putrajaya’s debt within a year worrying, says PAC - Printable Version +- Ipoh Community Forums (https://forums.ipoh.com.my) +-- Forum: News and Current Affairs (https://forums.ipoh.com.my/forum-11.html) +--- Forum: Local News (https://forums.ipoh.com.my/forum-12.html) +---- Forum: Business. Economy and Investment (https://forums.ipoh.com.my/forum-60.html) +---- Thread: RM100bil rise in Putrajaya’s debt within a year worrying, says PAC (/thread-6373.html)

RM100bil rise in Putrajaya’s debt within a year worrying, says PAC - superadmin - 10-06-2022 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%. | 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. - More -