Prime Minister Datuk Seri Anwar Ibrahim has revealed that Malaysia’s total national debt has decreased by RM20 billion since he took office in 2022, thanks to prudent fiscal management and disciplined spending practised by the MADANI Government.
Speaking at the Ministry of Finance’s (MOF) monthly assembly, Anwar, who is also the Minister of Finance, was quoted by Harian Metro as saying that his Government is committed to gradually cutting debt, in line with the fiscal reform approach under the MADANI Economic Framework.
Anwar reveals that Malaysia’s national debt has decreased by RM20 billion under the MADANI Government
The Prime Minister added that amid an uncertain global economy, Malaysia managed to maintain a GDP growth rate of 4.4% for the first quarter of 2025, with the country’s debt management performance showing positive developments.
He further revealed that efforts had been ongoing in reducing the fiscal deficit from 5.5% in 2022 to 4.1% in 2024. This year, the fiscal deficit is projected to be at 3.8%.
Anwar added that the total national debt decreased from RM100 billion in 2022 to RM90 billion in 2023, RM85 billion in 2024 and is expected to drop to RM80 billion in 2025.
The Prime Minister lauded the achievement, saying,
“We have managed to decrease RM20 billion in debt in just a few years. This is not rhetoric, but the result of prudent fiscal management and disciplined spending that we practise.”
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