Malaysia’s federal debt by instrument at the end of June 2026

Two domestic security lines account for most of the stock

The Ministry of Finance reports MYR 706,426 million in Malaysian Government Securities and MYR 644,300 million in Malaysian Government Investment Issues. Those lines account for 51.2% and 46.7% of federal debt respectively. Treasury bills make up a smaller part of domestic debt. Source 1

The offshore balance declined between the two reporting dates

Offshore borrowing fell by MYR 4,448 million. Market loans declined by MYR 4,274 million, and project loans by MYR 174 million. These are differences between stock observations and include the effects that the ministry records in valuing the stock. Source 1

Investor residence is a separate dimension

Table 4.3 separately lists MYR 280,800 million of non-resident holdings of ringgit-denominated debt securities in June 2026. That line classifies holdings by residence and currency, while the offshore subtotal classifies borrowing instruments. A non-resident can hold securities issued in the domestic market. Source 1

The balance grew while the GDP ratio fell

The ministry lists federal debt at 65.2% of GDP at end-2025 and 63.1% at end-June 2026. The nominal balance increased from MYR 1,320,777 million to MYR 1,378,894 million. The ratio also reflects the GDP measure in the ministry’s table. Use the section’s separate public sector table for broader institutional coverage. Source 1 Source 2

Sources

• Malaysia Ministry of Finance Fiscal Outlook 2027, Debt Management, Table 4.3
• Malaysia Ministry of Finance Fiscal Outlook and federal revenue estimates index