Malaysia’s Debt Set to Hit RM1.7 Trillion by 2030 Despite Deficit Reduction Plans

KUALA LUMPUR – Malaysia’s national debt is projected to climb from RM1.3 trillion today to RM1.7 trillion by 2030, raising concerns over the country’s long-term fiscal sustainability.

Despite government assurances that new debt is being accumulated at a slower pace, deficits are expected to persist for the 32nd consecutive year since 1998. Current revenues only cover operating costs, leaving development spending reliant on borrowing.

Putrajaya targets reducing the budget deficit to 3% of GDP by 2030, down from 4.1% in 2024, through reforms in revenue, subsidies, and expenditure efficiency.

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