Rafizi Ramli (PH-Pandan) has urged the government to thoroughly reform the management of its debts, saying rising debt and interest payments threaten to overtake the savings made from its subsidy reforms.
Comparing reported economic figures from this year to the previous budget’s projections, he noted that total revenue for 2025 is expected to decrease to RM334 billion – RM5.6 billion less than the projection of RM340 billion.
He said as operating expenditure is projected to increase by RM6 billion next year, if government revenue collection falls short by more than RM6 billion, revenue growth will be too slow compared with the annual rise in operating expenses.
“What is most worrying is that the most toxic expenditure, that is, debt service charges (DSC), continues to increase.
“Of…