KUALA LUMPUR: Prime Minister Dr Mahathir Mohamad today said that the new government will look to cut down the country’s debt, which amounts to RM1 trillion, by aborting or reviewing some projects and cutting the salaries of Cabinet members.
Mahathir also said the national debt is 65% of the GDP. Ousted prime minister Najib Razak previously said that the debt was below his government’s self-imposed ceiling of 55% of GDP.
“I’ve been informed that our debt is actually RM1 trillion, but today we were able to study and look for ways to reduce this debt,” Mahathir said at a press conference.