The government has paid RM42.5 billion in 1MDB liabilities, with RM8.9 billion in sukuk commitments still outstanding, says deputy minister.
KUALA LUMPUR: The government’s total liabilities arising from 1Malaysia Development Bhd (1MDB), including those already settled and those still outstanding, amount to RM51.4 billion, said Deputy Finance Minister Liew Chin Tong.
He said the government has paid RM42.5 billion to service debt and other financial obligations arising from 1MDB, including principal repayments, interest, legal and operational costs.
Additionally, the government remains responsible for government-guaranteed Sukuk Islamic Medium Term Notes (IMTN), amounting to RM8.9 billion.
“The sukuk payment covers RM5 billion in principal repayments and RM3.9 billion in interest payments that will mature in 2039,” he said during the Dewan Rakyat question-and-answer session today.
Liew said that overall, the government’s total past and outstanding liabilities related to 1MDB amount to RM51.4 billion, and so far it has successfully recovered RM31.3 billion in funds linked to 1MDB.
“If no further funds are recovered in the future, the government will still have to bear the remaining RM20.1 billion of the total obligations,” he said.
He said this in response to a question from Chong Chieng Jen (PH-Stampin) on the total 1MDB debt borne by the government and the amount it has paid to settle the debt to date.
