The Finance Ministry (MOF) said the government's debt stood at RM685.1 billion or 50.9 percent of the GDP, as of June 2017.

"The national debt remains well managed and our debt level is still moderate," the ministry said in a parliamentary reply to Teresa Kok (DAP-Seputeh).

A total of RM662.4. billion or 96.7 percent of the amount is domestic debt while the balance of RM22.7. billion is offshore loans.

"The government is committed to ensuring the debt would not exceed 55 percent of the GDP. To maintain low and manageable debt, fiscal consolidation is adopted to reduce the deficit by stages," added MOF...