Putrajaya intends to spend RM6.23 billion in stages to revive Felda, which has been deeply in the red since 2013.

In tabling the government's White Paper on Felda today, Economic Affairs Minister Mohamed Azmin Ali told the Dewan Rakyat that the funds will be in form of grants, government guarantees, and loans.

Felda's debt exceeded its the net value of its assets for the first time in 2017.