KUALA KANGSAR: The Federal government debt is manageable and far smaller than that of developed countries like the US and Japan, says Prime Minister Datuk Seri Najib Tun Razak.
“The sovereign debt of the US, Japan and Singapore is far bigger when compared with their per capita income,” he said on Friday.
Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah said on Tuesday that as at end-2015, the Federal government debt, comprising domestic and offshore debt, stood at RM630.5 billion or 54.5 per cent of Gross Domestic Product.
Najib, who is also Finance Minister, called on the people not to be swayed by claims by certain quarters that the country was riddled with huge debts.
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