Economist: Budget figures should include GLC debts

Lu Wei HoongPublished: Nov 2, 2016 1:51 PM | Updated: Nov 2, 2016 1:58 PM

The contingent liabilities of government-linked companies (GLC) should be included into the federal budget, opined senior economist Yeah Kim Leng.

Yeah said Putrajaya could not ignore contingent liability of companies that it owned despite receiving fair "A-" credit rating from major rating agencies.

These figures, such as 1MDB's debts, will help us plan ahead, as future generations have to service this debt.

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