Prince Abdul Mateen is set to tie the knot in January 2024, according to the country’s media outlets.
KUALA LUMPUR: Putrajaya spent RM55.443bil on subsidies in 2022, which is an increase of 322.1% or RM42.309bil from the previous year, where subsidies cost the government RM13.134bil.
“Subsidies for petroleum products recorded the highest expenditure amounting to RM45.184bil or 81.5% of the total expenditure,” the Auditor-General’s Report 2022 revealed.The audit statement, which audited the Federal Government’s financial statement, said both revenue and expenditure in 2022 were higher than the previous year, resulting in a deficit of RM99.48bil.
The government also managed to narrow its fiscal deficit to 5.6% of gross domestic product in 2022, compared to 6.4% in the previous year.RM1bil for Sabah, S'wak border development, construction underway, says PM
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Govt spent 322.1% more on subsidies in 2022Some RM45 billion, or 81.5% of the total expenditure on subsidies, was spent on subsiding petroleum products.
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