Malaysia’s government will seek parliamentary approval to increase funds for Covid-19 support measures and raise the country’s statutory debt ceiling, said Finance Minister Tengku Zafrul Aziz.The government wants to add another 45 billion Malaysian ringgit ($10.8 billion) to its Covid-19 fund to help businesses and households, said the minister.Along with that planned increase, the government will seek approval from parliament to raise the debt ceiling from 60% to 65% of gross domestic product, he added.
$MYS SGB C2604(05633.HK)$
cheez_lit : It is worth noting that this is the first time this country has raised its debt ceiling since the 2009 global financial crisis.