Malaysia can't keep borrowing money to service debt, warns auditor-general

Malaysia can't keep borrowing money to service debt, warns auditor-general

Auditor-General Nik Azman Nik Abdul Majid has warned that borrowing money to service debts can only be a short-term and temporary measure and that Malaysia needs to find a long-term solution to the problem.br br "It is true that loans are always made to finance mainly development expenditure.br br "Only now, in this year and last year when there was Covid-19 that part of the loan was used to finance the government's fight against the pandemic and to stimulate economic generators to help companies affected by covid," Nik Azman said in a press conference at the Dewan Rakyat today.br br When asked how his department would advise the government on the matter, he said borrowing money must not be seen as a long-term solution.


User: KiniTV

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Uploaded: 2022-10-06

Duration: 01:32

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