KUALA LUMPUR: The federal debt growth rate is declining, with the rate dropping to 6.4% in 2024 from 8.6% in 2023 and 10.2% in 2022, says the Finance Ministry.
Prime Minister Datuk Seri Anwar Ibrahim said that by the end of December 2024, the debt reached RM1.247 trillion.
He also noted that the government’s gross borrowing in 2024 amounted to RM198bil, a decrease from RM226.6bil the previous year.
“The debt growth rate for 2025 is projected to further reduce to around 6%, reflecting a commitment to maintaining the debt-to-GDP ratio below 60%.
“This trend demonstrates our dedication to ensuring fiscal stability in the medium term,” said Anwar in a written…
