Fiscal deficit at 5.5% to GDP

The Federal Government’s revenue collection in 2023 is projected to be lower at RM272.6bil or 15% of gross domestic product (GDP) due to lower, anticipated non-tax revenue collection.

In the Fiscal Outlook 2023, it said the non-tax revenue is expected at RM67bil, declining 23% from 2022 due to lower dividends from government entities.