Public sector debt swells to RM1.35t due to Covid-19 measures

Public sector debt increased to RM1.35 trillion or 89.5 percent to gross domestic product (GDP) as at end-June 2021, mainly contributed by higher federal government debt resulting from borrowings to finance deficit, Covid-19 assistance and stimulus packages during the year.

In 2020, it was RM1.25 trillion or 88.6 percent of GDP.

The federal government debt remains the...