KUALA LUMPUR: Malaysia’s ability to increase its level of indebtedness is limited, compared to developed nations, with much lower debt service ratios.
This was announced by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, who added that the country’s ratio of debt service payments to revenue reached 16.3% in 2021 and based on Budget 2022, it is expected to exceed 18%.
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