Fiscal measures will ease country's debt pressure by late 2028, Dewan Rakyat told

The Star

Malaysia’s debt burden is expected to ease by late 2028 and into 2029 as the government continues fiscal consolidation, Prime Minister Datuk Seri Anwar Ibrahim told the Dewan Rakyat.  During Minister’s Question Time on Tuesday (Dec 2), Anwar, who is also Finance Minister, said that annual new federal borrowing had already fallen from RM100bil to about RM70bil, with projections to drop further to around RM20bil in the coming years.  Responding to concerns from Syahredzan Johan (PH–Bangi), Anwar dismissed claims that federal debt had breached the 65% statutory limit, calling them misleading and based on “twisted statistics” that confuse total external debt with federal government debt.  Read more at https://tinyurl.com/4as4kf42  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00I have seen that there are people in the outside of the country that are called as the economy, the economy, the economy and what they call half-truths, but they are accepted as the truth.

00:18They are saying that the power of the KDNK has lost the power of the KDNK, which is 65% from the KDNK.

00:30But actually, they are trying to use the power of the KDNK, which is $1.4 trillion, which has improved the power of the KDNK.

00:43So, my question is, is whether the power of the KDNK is in the top of the KDNK and if there is a mechanism for the KDNK,

00:59the power of the KDNK is in the top of the KDNK.

01:02Thank you, Mr. Menteri.

01:03Thank you, Mr. Menteri.

01:05Thank you, Mr. Menteri.

01:07Angka ini sebenarnya diputarkan sebab itu statistics should not lie.

01:15Tetapi ada keadaan di mana statistics can be manipulated to deceive.

01:23Deceive.

01:24Jadi, oleh itu saya nak tegaskan di sini, apa dia maksud statutory debt?

01:31Itu yang ada dalam undang-undang kita.

01:34Sehingga jumlah keseluruhan pinjaman kita yang tidak melibatkan external debt yang kecil kita dan juga treasury bills.

01:45Jadi, ada angka penurunan kerana yang penting apa?

01:48Kita boleh turunkan segera.

01:51Tapi, bebannya kepada rakyat.

01:53Itu satu keputusan yang harus kita ambil.

01:57Sebab itu, daripada 100 bilion hutang baru, kita turun kepada 70.

02:03Kita boleh turunkan kepada 20 tahun depan.

02:06Bagi keadaan negeri, janganlah minta peruntukkan.

02:08Jadi, sebab itu, penurunan itu harus menunjukkan keupayaan kita meneruskan projek-projek asas yang wajib dilaksanakan.

02:18Tebatan banjir, perasanan asas, pendidikan, kesihatan dan lain-lain.

02:24Jadi, saya tidak fikir hal ini harus mengelirukan kerana bila ada unjuran defisit kita kurang,

02:32ini bermakna tanggungan hutang itu juga akan berkurangan.

02:39Ya, umpamanya kalau jumlah tuntut dah hutang sekarang.

02:44Itu juga berkurangan kerana kita membayar mengikut obligation pada masa yang ditetapkan.

02:49Dan, unjuran kita 2027-2028, dia boleh plateau.

02:54Dan, kalau keadaan ini berikut dapat diteruskan konsisten oleh kerajaan,

03:01maka bertekanan hutang kita akan menurun mulai akhir 28-29.

03:08Itu unjuran kita.

03:09Sebab itu, langkah-langkah penurunan defisit itu mesti disegerakan.

03:14Terima kasih.

03:15Terima kasih.

03:16Terima kasih.

03:17Terima kasih.

03:18Terima kasih.

03:20Terima kasih.

03:22Terima kasih.

03:24Terima kasih.

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