Treasury rules out raising revenue by selling bonds to BNM FMTNews FMTBusiness
In a parliamentary reply, the finance ministry said Bank Negara’s holdings of government debt securities stood at 6.3% in 2022.
“The debt monetisation method can also affect investor confidence and accelerate the outflow of funds, potentially increasing the government’s financing costs,” the Treasury said in a written reply to William Leong Jee Keen . It added that for the 2020-2022 period, the government borrowing amount was high to provide fiscal support and accelerate post-pandemic economic recovery.
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