Federal govt records RM264.415bil in revenue in 2019

KUALA LUMPUR: The Federal government recorded a revenue of RM264.415 billion in 2019, a 13.5 per cent (RM31.532 billion) increase compared to 2018.

Meanwhile, operating expenditure approved last year amounted to RM260.547 billion while actual expenditure amounted to RM263.343 billion said the Auditor-General's (AG) 2019 Report on the Federal government’s financial statement released today.

"Expenses due to national debt (interest, dividends, and other charges) amounted to RM32.933 billion or 12.5 per cent of the operating expenses.

"This expenditure increased by a total of RM2.386 billion or 7.8 percent compared to 2018 which amounted to RM83.050 billion because it was not budgeted for under the management allocation but was paid directly from the Consolidated Loan Account, '' it said.

Additionally on the ministries and federal departments’ development expenditure the AG said RM54.173 billion or 104.6 per cent, was spent from the allocation approved in 2019. - Bernama