Covid-19: Govt's gross borrowings higher at RM181.5b in 2020

The federal government’s total gross borrowings are expected to increase by 31.5 percent from the original estimate to record RM181.5 billion or 12.6 percent Gross Domestic Product (GDP) amid the need to finance the Covid-19 stimulus measures.

Against the backdrop of this uncertain economic environment in 2021, gross borrowing requirements are expected to remain substantially at around 11 percent of GDP, said the Finance Ministry...