Anwar says legacy debts like 1MDB pushed up Malaysia’s debt, cautions that corruption ruins nations

KUALA LUMPUR, Nov 14 — Prime Minister Datuk Seri Anwar Ibrahim has refuted claims that Malaysia's debt increased under his tenure as finance minister. He attributed the rise to inherited debts from previous governments, including those linked to 1Malaysia Development Berhad (1MDB). During a meet-up with over 200 female trainees at the National Service programme's Camp 515, Anwar stated that while Malaysia tries to meet the needs of all, it operates with limited finances.

He noted that the government has steadily reduced its budget deficit since 2022, dropping from RM100 billion to RM70 billion over the following years. However, the total debt still increased due to payments for old debts like 1MDB, Felda, Tabung Haji, and weapons procurement. Anwar emphasized the importance of unity in a country's progress but cautioned about the ruin caused by corruption. He warned that a culture of corruption would "jahanam" - destroy - a nation.