Motion to raise the debt ceiling to 65pct approved by Dewan Rakyat

PARLIAMENT | The motion to increase the statutory debt ceiling from 60 percent to 65 percent of the Gross Domestic Product (GDP) was unanimously passed by the Dewan Rakyat today.

Earlier, Finance Minister Tengku Zafrul Abdul Aziz said this is in order to fund additional spending for the Kumpulan Wang Covid-19 (KWC) as well as the 12th Malaysian Plan (12MP) projects...