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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials, People

1MDB debt is not gov’t debt, says Najib

Posted on 01 November 2016

Prime Minister Najib Abdul Razak has said that debts accumulated by 1MDB are not considered government debts. “Debts (accumulated) by 1MDB and their related projects are not classified as federal government debts.
“Therefore, debts accumulated by 1MDB and their related projects do not contribute to government debts,” said the finance minister. Najib said this in a written parliamentary reply to Seputeh MP Teresa Kok, who had asked the finance minister to state the debt-to-GDP ratio for both 2015 and 2016, and also to state the debts contributed by 1MDB and related projects………………………………………Full Article: Source


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