KUALA LUMPUR, July 23 — In line with the Public Finance and Fiscal Responsibility Act 2023, the government is committed to reducing its debt-to-gross domestic product (GDP) ratio to 60 per cent within five years from the current 64 per cent to ensure a sustainable fiscal position, said Treasury secretary-general Datuk Johan Mahmood Merican.
SINGAPORE, March 10 — Asia-Pacific central governments will continue to borrow heavily this year although new borrowings may decline, according to S&P Global Ratings.
KUALA LUMPUR, Feb 24 — Borrowings for 2023 are expected to reach 12.2 per cent of gross domestic product (GDP), lower than the initial projection of 14 per cent, which includes financing for development programmes and projects in the Third Rolling Plan under the 12th Malaysia Plan (12MP), as well as redemption of 1MDB bond maturing in March 2023.
BANGKOK, Sept 27 — Thailand's government plans new borrowing of about 820 billion baht (US$21.64 billion) in the 2023 fiscal year starting October 1, mainly to finance a budget deficit, the finance ministry said on Tuesday, as it tries to bolster economic recovery.
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