How long does the government aim to manage its debt?

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The government aims to manage its debt within 18 months.

The newly established Debt and Liability Management Committee has been tasked with reducing the government’s debt and liabilities to a manageable level within an 18-month timeframe. This committee will report directly to the Prime Minister.
Committee Mandate and Timeline
The primary objective of the Debt and Liability Management Committee is to bring the government's overall debt and liabilities to a manageable scale. This significant undertaking is scheduled to be accomplished within a period of 18 months from its establishment.
Committee Composition and Expertise
The committee comprises five members, each bringing specialized knowledge in finance, economics, and law. These individuals include key figures such as the Treasury secretary-general, Datuk Ahmad Badri Mohd Zahir, and the head of the Attorney General’s Chambers advisory division, To’ Puan Azian Mohd Aziz.
Reporting Structure and Authority
As announced by the Prime Minister’s Office (PMO), the committee will operate under the direct purview of Prime Minister Tun Dr Mahathir Mohamad. The appointments to this committee were effective immediately upon announcement.
Origin of the Committee Proposal
The formation of the Debt and Liability Management Committee was initially proposed during the tabling of the 2019 Budget in November of the preceding year. This indicates a strategic move by the government to address fiscal concerns.

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How long does the government aim to manage its debt?

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