Govt has never used Emergency to boost spending over statutory debt ceiling, says Tengku Zafrul

KUALA LUMPUR (Bernama): The government has never used the Emergency Ordinance to raise revenue or increase spending beyond the statutory debt ceiling approved by Parliament in August 2020, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic).

Parliament voted in August 2020 to increase the debt limit to 60% of Gross Domestic Product (GDP) from 55% previously.

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Emergency Ordinance , Tengku Zafrul Tengku Abdul Aziz , Government Debt , Debt ceiling , 1MDB , SRC

   

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