Malaysia paid a total of RM9.034 billion 1MDB debt to date
SHAH ALAM - A total of RM9.034 billion of the 1Malaysia Development Berhad (1MDB) has been paid by the government to date since 2017.
This was revealed by Deputy Finance Minister I Datuk Seri Ahmad Maslan in the Dewan Rakyat, today.
He said as of Sept 30, the outstanding debt stood at RM5.15 billion.
Here is a timeline of the government's repayment of the 1MDB debt:
April 2017: The government began providing loans and advances to help 1MDB meet its financial commitments and debt obligations.
2020: The government paid RM507 million of the 1MDB debt.
2021: The government paid RM459 million of the 1MDB debt.
2022: The government paid RM1.53 million of the 1MDB debt. However, as of March 2022, the government needed to cover a RM17 billion shortfall to repay the debts.
2023: The government paid RM1.53 million of the 1MDB debt.
In the Dewan Rakyat session, Ahmad also said Malaysia was almost done paying for 1MDB’s debt.
He said a total of RM4.65 billion (USD1 billion) was expected to be received from the International Petroleum Investment Company (IPIC) in 2024.
This, he said meant that the overall balance in the trust account amounting to RM9.85 billion was sufficient to cover the 1MDB's debt commitment amounting to RM5 billion.
