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Prime Minister Anwar Ibrahim defended Malaysia’s rising infrastructure costs, citing fiscal progress and long-term gains despite ongoing debt challenges.
Prime Minister Anwar Ibrahim defended Malaysia’s infrastructure spending, citing long-term economic benefits despite rising project costs, including the Penang LRT’s increase to RM17 billion.
He highlighted progress in fiscal consolidation, with new borrowing dropping from RM100 billion to RM70 billion and projected to fall to RM20 billion, easing debt pressure by 2028–2029.
The 1MDB scandal remains a major debt burden, with RM50 billion in liabilities, though RM42 billion has been paid and RM29 billion recovered.
Other updates include the PPO Plus healthcare program, sugar tax revenues funding diabetes and kidney treatments, speed limiter plans for heavy vehicles, and a RM444 million EPC contract won by MGB BHD in Medina.
El primer ministro Anwar Ibrahim defendió los crecientes costos de infraestructura de Malasia, citando el progreso fiscal y las ganancias a largo plazo a pesar de los continuos desafíos de deuda.