He said Southeast Asia's third-largest economy is dealing with a debt pile of over US$243.19 billion. Malaysia is also struggling with slowing economic growth, hurt largely by a global slowdown and the trade war between the US and China.
Eng added that while Malaysia can meet this year's fiscal deficit target of 3.4 percent, next year's target of 3 percent would be harder to meet.
The same day, Malaysia's central bank Bank Negara Malaysia said its international reserves stood at $103.3 billion as of July 15.
The reserves were 0.6 percent higher than that recorded on June 28, which is sufficient to finance 7.3 months of imports.
