Wan Suraya Wan Radzi attributes this to increased revenue and GDP in 2022.
Auditor-General Wan Suraya Wan Radzi said the country’s finances were in a better position than 2021 because of the work done by the relevant financial authorities.
The 2022 Auditor-General’s Report, which was released today, revealed that Malaysia’s national debt in 2022 increased to RM1.08 trillion, a 10.2% hike compared to 2021’s RM979.81 billion. However, Wan Suraya stressed that the country was in a better financial position in 2022 than in 2021 due to increased revenue and gross domestic product .
Apart from the increase in GDP from RM1.55 trillion in 2021 to RM1.79 trillion in 2022, Wan Suraya also noted that the country’s debt-to-GDP ratio in 2022 stood at 60.3%, an improvement from the 63.3% in 2021.Meanwhile, Wan Suraya said among others, the report recommended strengthening public financial discipline for effective operational spending, enhancing sustainable revenue generation, and monitoring commitments towards repayment of matured debts.
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