THE government will continue its counter-cyclical and supportive fiscal policy to propel the socio-economic agenda towards becoming a progressive and successful nation.
The federal government’s revenue collection in 2024 is estimated to increase further to RM307.6bil or 15.6% of gross domestic product (GDP) driven by higher tax collection. Tax revenue continues to be the major contributor and is expected to grow by 6.4% to RM243.6bil, attributed to expansion economic activities, higher company profitability and better employment conditions.
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