Govt tables bill to raise debt limit, approve RM45 billion in Parliament

Chan Kok Leong

The government has tabled a bill to raise the debt limit from 55% of GDP to 60% and an additional budget of RM45 billion for Covid-19 economic stimulus packages. – The Malaysian Insight file pic, August 6, 2020.

THE government has tabled a bill to allow it to undertake temporary measures relating to government financing to mitigate the impact of the Covid-19 outbreak on the economy.

The Temporary Measures for Government Financing (Coronavirus Disease 2019) Bill 2020 was tabled for first reading by Deputy Finance Minister Mohd Shahar Abdullah (Paya Besar-BN) in Dewan Rakyat this morning.

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