National debt to reduce if fiscal deficit slashed to 3.5pct of GDP - Rafizi

Success in lowering the fiscal deficit to the targeted 3.5 percent of gross domestic product by end-2025 will decrease national debt in the years that follow, said Economy Minister Rafizi Ramli.

He said if the level can be reduced as per target, it would assure foreign investors that the government has good fiscal discipline.

“With the national debt at RM1.5 trillion...