Kuala Lampur, Nov. 4 -- Finance Minister Lim Guan Eng has predicted that the national debt can go down to 65 per cent at the end of Pakatan Harapan's (PH) term in 2023.

Speaking to the Dewan Rakyat during the wind up speech of the Supply Bill 2020, Lim was replying to a question by former prime minister and finance minister Datuk Seri Najib Razak.

"In 2023, we will try to reduce the debts as much as we can. The target if possible is 65 per cent. Even though our debt ratio is at 80 per cent, credit rating agencies know we are committed to institutional reforms," said Lim touching on the nation's steady credit rating.

Earlier, Lim had needled his political nemesis pointing out that in 2017 the debt ratio to gross domestic product (GDP) w...