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Malaysia’s Anwar Vows Gradual Debt Reduction to Ensure Stability

  • Act that raised debt ceiling to 65% of GDP lapsed in December
  • Anwar says he won’t rush to reinstate GST as poor may be hurt
Anwar Ibrahim
Anwar IbrahimPhotographer: Ore Huiying/Bloomberg

Malaysia’s Prime Minister Anwar Ibrahim said his government will work to gradually lower the nation’s debt and narrow the budget gap, without resorting to raising taxes that hurt the poor. 

“We have reached the ceiling and we should gradually go down,” Anwar told Bloomberg Television’s Haslinda Amin in an interview Monday in Singapore. Otherwise it would be irresponsible to the next generation, he said.