Govt only borrows to fund fiscal deficit, maturing debt - minister

The Finance Ministry only borrows to finance the fiscal deficit and maturing debt to always ensure it does not borrow excessively.

Finance Minister II Amir Hamzah Azizan said through strict and phased fiscal consolidation, the government managed to curb the increase of net loans while reducing debt growth.

During the winding up of the Auditor General’s Report (LKAN) 3/2024 on the federal government’s financial statements in 2023 in the Dewan Rakyat today, he explained that federal government loans in 2023...