The Malaysian government is steadfast in achieving its gradual fiscal consolidation target by reducing national debt, while continuing to invest in improving the quality of life for all Malaysians, according to Prime Minister Anwar Ibrahim.

Malaysian Prime Minister Anwar Ibrahim said the government will work to gradually reduce the national debt and budget deficit, without resorting to raising taxes that hurt the poor.

Malaysia's national debt including liabilities has reached 1.5 trillion RM (346 billion USD), equivalent to over 80% of the country's gross domestic product (GDP), according to Malaysian Prime Minister Anwar Ibrahim.

Malaysian Prime Minister Mahathir Mohamad said on April 4 that the country does not rule out the possibility of selling more assets, including land, to keep its national debt at a manageable level, local media reported.

Malaysia’s Prime Minister Mahathir Mohamad has announced that his administration is taking various approaches to reduce the national debt from 1 trillion RM (251.2 billion USD) to 800 billion RM.