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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Muhyiddin: 1MDB debts threaten 2017 Budget

Posted on 27 October 2016

The government is paying for 1MDB’s debts, so former DPM wonders whether it can afford to fulfil all promises made in Budget. Former Deputy Prime Minister Muhyiddin Yassin has questioned the government’s ability to make good promises made in the 2017 Budget as issues related to 1MDB remain unresolved.
In stating so, the Pagoh lawmaker noted that the state investment arm was not mentioned in the recently tabled budget, specifically debts incurred by 1MDB, which he argued would exceed the prescribed limit of 55 per cent of the gross domestic product (GDP)…………………………………..Full Article: Source


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