Malaysia PM Anwar Expects Debt Pressure to Ease From End-2028

Malaysian Prime Minister Anwar Ibrahim said he expects the country’s debt pressures to ease beginning end-2028, driven by the government’s efforts to reduce its fiscal deficit.

The federal government has reduced new borrowings to about 75 billion ringgit ($18.2 billion) this year, from 100 billion ringgit in 2021, Anwar said. It could cut it further to 20 billion ringgit next year if state governments didn’t ask for more allocations, he added.