ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Most read in 2018

Malaysia reveals national debt far higher than figure under Najib

Total above $250bn raises speculation that records were altered

Former Malaysian Prime Minister Najib Razak is under investigation, accused of misappropriating money from the 1Malaysia Development Berhad state fund.   © Reuters

SINGAPORE -- The Malaysian government under Prime Minister Mahathir Mohamad has revealed that the national debt is far higher than figures published by the previous administration, topping 1 trillion ringgit ($251 billion). 

The larger debt figure, which was officially 686.8 billion ringgit at the end of 2017, has led to speculation that former Prime Minister Najib Razak's government altered records to hide the extent of corruption. The revelation has shaken investor trust and the fiscal turmoil could scare foreign money away.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more