KUALA LUMPUR: The federal government’s revenue has increased by 25.9 per cent or RM60.61 billion to RM294.36 billion in 2022 compared to RM233.75 in 2...
: The federal government’s revenue has increased by 25.9 per cent or RM60.61 billion to RM294.36 billion in 2022 compared to RM233.75 in 2021.
It said the increase was due to higher dividends paid by Petroliam Nasional Bhd, amounting to RM50 billion, compared to RM25 billion in 2021, apart from an increase in petroleum royalties to RM5.98 billion. The report also stated that the total development expenditures of ministries and federal departments stood at RM71.57 billion or 104.5 per cent compared to the approved allocation, including development expenditure of RM6.068 billion imposed during the Accounts Payable period.
“The MOF’s sharp increase was attributed to petroleum products subsidies amounting to RM45.18 billion, an increase of RM35.16 billion or 350.8 per cent compared to 2021’s RM10.02 billion.
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