Malaysiakini
NEWS

Minister: Don't read too much into debt-GDP ratio

Kow Gah Chie and Celine Ho

Published
Modified 10 Feb 2018, 5:48 am

Critics should not focus solely on the nation's debt-to-gross-domestic-product (GDP) ratio in assessing the government's ability to manage debt.

According to Second Finance Minister Johari Abdul Ghani, other countries have far higher debt-to-GDP ratios and yet are doing fine.

"If you want to rely on such figures, the US would already be bankrupt as its debt-to-GDP ratio exceeded 100 percent. Look at Japan, it rated at 250 percent while Singapore is 89 percent...

Share this story

Comments

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.