Malaysia’s Finance Minister presented to parliament a bill to raise the limit on government debt for the second time in a little over a year, as the Southeast Asian nation seeks to fund additional pandemic support measures and bolster its economic recovery.
Lawmakers will debate and vote on the bill Monday to lift the statutory debt ceiling to 65% of gross domestic product until 2023, from 60%. Once passed, the bill will next head to the senate, controlled by Prime Minister Ismail Sabri Yaakob’s coalition, before it’s signed into law by the king.
Malaysia Tables Bill to Raise Debt Limit to Support Economy - Bloomberg
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