Govt paid RM1.7b to service 1MDB debt interests in 2021
- 2 years ago
The government forked out a total of RM1.7 billion to service 1MDB loan interests last year, including over RM400 million from the country's development allocation.
This was according to the Auditor-General's Report on the Federal Government's financial statement for the year 2021.
"Last year, (the government) paid out RM1.7 billion to service the company's loan interests using RM0.459 billion from the development allocation and another RM1.241 billion from the Assets Recovery Trust Account.
"The trust account balance as of December 31, 2021, stood at RM15.281 billion," the report said.
This was according to the Auditor-General's Report on the Federal Government's financial statement for the year 2021.
"Last year, (the government) paid out RM1.7 billion to service the company's loan interests using RM0.459 billion from the development allocation and another RM1.241 billion from the Assets Recovery Trust Account.
"The trust account balance as of December 31, 2021, stood at RM15.281 billion," the report said.