The government is observing prudent spending and within limits, and was certainly not extravagant in its expenditure, said Prime Minister Najib Abdul Razak.
“We cannot be hasty to spend and be drawn into spending.If we borrow, it must be for productive investment,” said Najib, who is also the finance minister.
Speaking at the Finance Ministry’s Excellence Service Award ceremony in Putrajaya today, he said the government would ensure the nation’s debt level remained below 55 percent.
In 2016, Najib said Malaysia’s national ‘s debt level stood at 52.6 percent.
– Bernama –