Finance Minister Tengku Zafrul affirms Malaysia’s fiscal stability, dismissing claims of impending bankruptcy. He highlights the government’s disciplined debt management and adherence to regulations, keeping statutory debt at 60.4% of GDP as of June, below the 65% limit. Most debt is ringgit-denominated, minimising foreign exchange risk. International agencies, including the IMF, deem Malaysia’s debt manageable. The Finance Ministry filed a complaint with MCMC over misleading social media claims that may affect investor confidence.MALAYSIA ON FIRM FINANCIAL GROUND: TENGKU ZAFRUL
Finance Minister Tengku Zafrul affirms Malaysia’s fiscal stability, dismissing claims of impending bankruptcy. He highlights the government’s disciplined debt management and adherence to regulations, keeping statutory debt at 60.4% of GDP as of June, below the 65% limit. Most debt is ringgit-denominated, minimising foreign exchange risk. International agencies, including the IMF, deem Malaysia’s debt manageable. The Finance Ministry filed a complaint with MCMC over misleading social media claims that may affect investor confidence.
