The federal government debt is projected to be around 64 percent of gross domestic product (GDP) as at end-2024, higher than RM1.15 trillion or 61.9 percent of GDP estimated in 2023, mainly for financing strategic development projects under the 12th Malaysia Plan.

Among the projects are the flood mitigation programme, Central Spine Road and Pan Borneo Sabah and Sarawak highways, Rapid Transit System Link (RTS Link) project between Johor Bahru and Singapore as well as the National Fiberisation and Connectivity Plan, currently known...