Additional RM58b borrowings to pay previous govt's commitment, 1MDB debts, Guan Eng says


Finance Minister Lim Guan Eng said unlike the previous government, which had hidden the 1MDB loan payments from the public, the current government is trying to be as transparent as possible by stating the actual facts, including on matters related to finances.

KUALA LUMPUR: The additional government borrowings of RM58bil in the first six months of this year are used to pay, among others, ongoing commitments made by the previous administration including repayment of debts belonging to 1Malaysia Development Bhd (1MDB).

Finance Minister Lim Guan Eng said unlike the previous government, which had hidden the 1MDB loan payments from the public, the current government is trying to be as transparent as possible by stating the actual facts, including on matters related to finances.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

1MDB , Lim Guan Eng , AirAsia Foundation

   

Next In Business News

Curb appeal can enhance a home’s value
Beware of rental scams!
Divorce 101: How property is divided
Cautious tone expected for ringgit versus US dollar trading next week
U Mobile to reduce foreign majority shareholdings to 20%
MACC investigating Khazanah, PNB's unsuccessful investment
Another data centre job for Gamuda
SOBA judges, past winners share winning tips
Government and venture capital
Low volatility a remedy for the extremes?

Others Also Read