The former finance minister told Putrajaya to raise the debt ceiling instead of taxing Malaysians to supplement the covid-19 recovery of the national treasury

Malaysian Former Finance Minister Lim Guan Eng urged the Perikatan government to raise the statutory debt limit instead of chasing taxpayers in order to supplement the consumption of funds during the Covid-19 pandemic.

He said that the domestic debt market with a high liquidity of RM1.3 trillion is a good option and can be exploited by increasing the legal debt limit from the current 60% of GDP to 65% or even 70%. .

Lim said yesterday at a rally of Bagan, Tasek Glugo, and Permadan Ball of the DAP Congress Liaison Committee: “The government with insufficient PN funds should not be so eager to use high-handed means to fund.”