MOF: Public sector debt at RM1.2 trillion

Public sector debt till June 2020 increased to RM1.2 trillion or 85.5 percent of gross domestic product (GDP) due to higher Federal Government fiscal deficit to finance the Covid-19 pandemic stimulus measures, the Finance Ministry said.

Last year, it was RM1.136 trillion or 75.2 percent of GDP.

The largest component in public sector debt is the Federal Government’s...