KUALA LUMPUR: The government debt level trajectory is forecast to remain within the statutory debt limit in the medium term due to the scarring effect of the additional borrowing during the COVID-19 pandemic and the funding requirements for the implementation of the Twelfth Malaysia Plan.
Therefore, the Ministry of Finance (MoF) said the current debt limit of 60 per cent of gross domestic product (GDP) would be maintained to provide fiscal space in executing the nation's development agenda, strengthening the economy and ensuring a sustainable recovery.
"Concurrently the government is also exploring the feasibility of a single debt limit as one of the fiscal rules," the ministry said in its Fiscal Outlook and Federal Government Revenue Estimates 2023 report released yesterday.
Moving forward, it said lessening the debt burden is crucial in improving government debt affordability in the long term.
"The government aims to gradually reduce the federal government's debt-to-GDP ratio to provide the country with fiscal headroom to manage potential crises in the future," it said.
It said the lowering of the debt burden could be realised through fiscal reforms accompanied by improved revenue collection post-crisis and expenditure rationalisation.
"The pace of economic momentum remains positive, which is expected to grow between 6.5 and seven per cent in 2022, which will expedite the debt level trajectory towards a downward path," it said.
It said in comparison to selected A-rated peers and regional economies, Malaysia's debt-to-GDP ratio at 63.4 per cent was ranked sixth highest in 2021 after Japan (242 per cent), Singapore (145.9 per cent), Spain (118.49 per cent) Laos (95.2 per cent) and Slovenia (74.7 per cent).
MoF said in terms of debt service charges (DSC)-to-revenue ratio, Laos recorded the highest ratio at 19.2 per cent followed by Malaysia (16.3 per cent) while other countries' ratio stood less than 10 per cent, including Japan (four per cent) and Singapore (0.1 per cent).
Nevertheless, it said Malaysia's debt level remained manageable despite a higher DSC-to-revenue ratio compared to Japan and Singapore.
"The government continues to reduce debt-related risks exposure by prioritising issuance in the sufficiently liquid domestic market, maintaining a low composition of foreign currency debt and adhering jurisdictional requirement in fulfilling the DSC obligations via revenue," it said.
It said even though several revisions have been made to the debt ceiling to provide additional fiscal space, Malaysia has resiliently endured the headwinds to steadily serve maturing debts and interest payments.
"Fiscal rules adopted globally encompass a range of budget balance obligations, expenditure limits, revenue measures as well as debt ceilings," it said.
It said adherence to the fiscal rules entailed the government's full commitment to ensure the fiscal objectives, which aim for fiscal and debt sustainability, could be achieved.
"Formalising the debt rules through legal provisions has facilitated the government in containing its debt at a manageable level, especially during crisis.
"While borrowing by the government is inevitable, it is imperative to maintain debt affordability and sustainability in ensuring the resilience of the economy in the medium- and long-term, it added.
-- BERNAMA
Bernama
Sat Oct 08 2022
![Debt level trajectory to remain within statutory debt limit in medium term - MOF Debt level trajectory to remain within statutory debt limit in medium term - MOF](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2016-06/41465310555_KementerianKewangan.jpg)
The MoF said the current debt limit of 60 pct of GDP would be maintained to provide fiscal space in executing the nation's development agenda, strengthening the economy and ensuring a sustainable recovery. - Filepic
![Hukuman penjara bapa lakukan serangan seksual ke atas 3 anak perempuan dikurangkan Hukuman penjara bapa lakukan serangan seksual ke atas 3 anak perempuan dikurangkan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-04/51714453013_courtgavelmahkam.jpg)
Hukuman penjara bapa lakukan serangan seksual ke atas 3 anak perempuan dikurangkan
Dalam penghakimannya, Che Mohd Ruzima berkata perayu gagal membuktikan bahawa Mahkamah Sesyen terkhilaf dalam memutuskan kes itu.
Malaysia-Brunei adakan rundingan mudahkan urusan Imigresen
Malaysia dan Brunei akan mengadakan rundingan bagi memudahkan proses keluar masuk rakyat kedua-dua negara.
![Pan-gon mahu kekal hubungan baik dengan Malaysia Pan-gon mahu kekal hubungan baik dengan Malaysia](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/81721124936_KimPanGon.jpg)
Pan-gon mahu kekal hubungan baik dengan Malaysia
Bekas ketua jurulatih Harimau Malaya Kim Pan-gon mahu mengekalkan hubungan baik dengan skuad itu biarpun tidak lagi bersama.
Kos pampasan tanah fasa 1B proses Projek LPB Sabah RM1.2 bilion - Alexander
Anggaran kos pengambilan balik tanah bagi keseluruhan Fasa 1B proses pengambilan tanah dan penilaian pampasan tanah bagi Projek Lebuh Raya Pan Borneo Sabah (LPB Sabah) berjumlah RM1.2 bilion.
Sentiasa berhati-hati, ribut petir diramal berlaku di Sabah
Orang ramai khususnya yang tinggal di kawasan berisiko di Sabah disaran agar bersiap siaga terutama dari segi perubahan cuaca yang tidak menentu yang seterusnya akan mengakibatkan bencana banjir dan pokok tumbang.
Nasib acara sepak takraw wanita diketahui Khamis ini
Nasib acara sepak takraw wanita berpasukan dalam Sukan Malaysia (SUKMA) edisi ke-21 di Sarawak akan ditentukan dalam Mesyuarat Jawatankuasa SUKMA Peringkat Kebangsaan pada Khamis ini.
JPBM Sabah serah jentera khas buat pasukan sukarela
Jabatan Bomba dan Penyelamat Malaysia (JBPM) negeri Sabah sedang dalam perancangan untuk menyerahkan jentera khas, iaitu Volunter Fire Rescue Tender (VFRT) untuk Pasukan Bomba Sukarela (PBS) di Sabah.
Sarawak akan pertahan pingat sukan Muay Thai edisi lalu
Skuad Sarawak akan berusaha mempertahankan masing-masing dua emas, perak dan gangsa dalam kejohanan SUKMA yang dimenangi dalam edisi lalu.
![Usaha pujuk Pan-gon tidak berhasil - Yusoff Mahadi Usaha pujuk Pan-gon tidak berhasil - Yusoff Mahadi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/81721124841_TBFAM.jpg)
Usaha pujuk Pan-gon tidak berhasil - Yusoff Mahadi
FAM pernah berusaha memujuk Kim Pan-gon untuk terus mengemudi skuad Harimau Malaya hingga kontraknya tamat secara rasmi pada akhir tahun depan.
![Kaspersky tinggalkan pasaran AS bermula 20 Julai ini Kaspersky tinggalkan pasaran AS bermula 20 Julai ini](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-02/51708604164_kasperskyancamans.jpg)
Kaspersky tinggalkan pasaran AS bermula 20 Julai ini
Kaspersky mengesahkan kurang 50 pekerja akan terkesan, dan mereka akan diberikan pampasan susulan penutupan syarikat tersebut.
![Seleweng dana RM1.2 bilion: Bekas CEO badan berkanun pula direman Seleweng dana RM1.2 bilion: Bekas CEO badan berkanun pula direman](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-05/81715851342_TBsprm.jpg)
Seleweng dana RM1.2 bilion: Bekas CEO badan berkanun pula direman
Seorang lagi suspek ditahan menjadikan tiga individu direman bagi membantu siasatan berhubung penyalahgunaan kuasa dan penyelewengan dana peruntukan pinjaman daripada Kementerian Kewangan.
![Harga petrol, diesel kekal bagi tempoh 11 hingga 17 April Harga petrol, diesel kekal bagi tempoh 11 hingga 17 April](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-03/61710324462_RON.jpg)
Harga petrol, diesel kekal bagi tempoh 11 hingga 17 April
Harga runcit bagi petrol RON97 dan RON95 serta diesel masing-masing kekal pada RM3.47, RM2.05 dan RM2.15 seliter bagi tempoh 11 hingga 17 April ini.
![MOF komited laksana dasar fiskal progresif kurangkan kemiskinan, ketaksamaan MOF komited laksana dasar fiskal progresif kurangkan kemiskinan, ketaksamaan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-11/81635739513_DatukJohanMahmood.jpg)
MOF komited laksana dasar fiskal progresif kurangkan kemiskinan, ketaksamaan
Sumbangan dasar fiskal terhadap inisiatif mengurangkan kemiskinan dan merapatkan jurang pendapatan adalah minimum dari segi KDNK.
![PM akui wujud keresahan kenaikan harga barang, MOF sedia tampung kesan kenaikan PM akui wujud keresahan kenaikan harga barang, MOF sedia tampung kesan kenaikan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-03/61679558469_TBSAYUR.jpg)
PM akui wujud keresahan kenaikan harga barang, MOF sedia tampung kesan kenaikan
MOF sedia menampung dan memberi bantuan tambahan bagi mengimbangkan kesan kenaikan harga barangan kepada rakyat.
![Harga petrol, diesel kekal dari 31 Ogos hingga 6 September Harga petrol, diesel kekal dari 31 Ogos hingga 6 September](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-04/41651063172_Minyak.jpg)
Harga petrol, diesel kekal dari 31 Ogos hingga 6 September
RON97 akan kekal pada RM3.37 seliter, RON95 (RM2.05 seliter) dan diesel (RM2.15 seliter)
![Firma AS minat teroka kemasukan operasi perniagaan baharu ke Malaysia Firma AS minat teroka kemasukan operasi perniagaan baharu ke Malaysia](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-07/61688990960_TBStevenSim.jpg)
Firma AS minat teroka kemasukan operasi perniagaan baharu ke Malaysia
Steven Sim berkata AMCHAM menekankan kepentingan kesinambungan kawal selia untuk membantu memudahkan menjalankan perniagaan.
![Kerajaan laksana semula Program Pengakuan Sukarela mulai 6 Jun - MOF Kerajaan laksana semula Program Pengakuan Sukarela mulai 6 Jun - MOF](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-10/41665562678_Perbendaharaan.jpg)
Kerajaan laksana semula Program Pengakuan Sukarela mulai 6 Jun - MOF
Beri peluang kepada orang ramai secara sukarela bayar cukai yang bertanggungan tanpa penalti atau pada kadar sifar peratus.
![MOF serah kepada Bank Negara cari remedi kukuhkan ringgit MOF serah kepada Bank Negara cari remedi kukuhkan ringgit](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-05/71685074291_BankNegaraMalaysia.jpg)
MOF serah kepada Bank Negara cari remedi kukuhkan ringgit
Timbalan Menteri Kewangan I, Datuk Seri Ahmad Maslan berkata, beliau yakin Bank Negara mempunyai penyelesaian sekiranya AS belum membuat keputusan terhadap permintaan tersebut.
![Muhyiddin dakwa tetap akan diheret ke mahkamah atas arahan pihak tertinggi pentadbiran negara Muhyiddin dakwa tetap akan diheret ke mahkamah atas arahan pihak tertinggi pentadbiran negara](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-03/41678375484_MuhyiddinYassin.jpg)
Muhyiddin dakwa tetap akan diheret ke mahkamah atas arahan pihak tertinggi pentadbiran negara
Muhyiddin mendakwa SPRM tidak menemui sebarang bukti terhadap segala pertuduhan yang dikaitkan dengan beliau
![Cukuplah mercu tanda sedia ada, saya tak berhajat buat satu lagi - Anwar Cukuplah mercu tanda sedia ada, saya tak berhajat buat satu lagi - Anwar](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-01/61673926183_AnwarIbrahim.jpg)
Cukuplah mercu tanda sedia ada, saya tak berhajat buat satu lagi - Anwar
Tumpuan sebaliknya diberikan kepada aspek kemampanan pembangunan sesebuah bandar terutama di ibu kota Kuala Lumpur.