"Malaysia’s debt ratio is relatively low. In Singapore, it is 130%. And although the deficit ratio has risen recently, it is still manageable. If GDP rises faster than the debt level, then the ratios will fall, and provided the financing costs can be paid, there is no particular risk to fiscal stability,” says Malaysia University of Science and Technology economics professor Geoffrey Williams. — Bloomberg
DEBT is a double-edged sword.
On one hand, it is an effective tool to promote economic development and enhance living standards if used wisely and in moderation. On the other hand, the effects can be detrimental and lead to financial ruin if it is used in excess and not well-managed.
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