Zafrul not ruling out debt ceiling to increase over 60 pct to GDP after 2021 (with video)

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:KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz did not rule out the possibility of raising the government's debt ceiling over 60 per cent to gross domestic product (GPD) beyond 2021."Whether we (government) will increase it (debt ceiling level) again, depends on how we combat the Covid-19 pandemic," he said in an interview with TV3 tonight.Tengku Zafrul said the government had previously agreed to increase the government's debt level from 55 per cent to 60 per cent to GDP. The decision was made during the parliament session in recent months."Currently, I think it is still sufficient (the debt ceiling). However, we expect the level to reach 56 per cent debt over GDP by end of 2020," he said.Tengku Zafrul said for every 1.0 per cent increase in deficit, the country's debt is expected to increase to RM15 billion."Th…