KUALA LUMPUR: The Federal Government had collected a total of RM220.41bil worth of revenue last year, an increase of 3.8% (RM7.99bil) from the previous year.
According to the first series of the Auditor-General's 2017 Report, the Government had approved a management allocation amounting to RM216.7bil but a total of RM217.7bil (100.5%) was used.
The report also stated that a total of RM44.88bil (99%) had been used by the Federal Government on development spending from an allocation of RM45.32bil.
The Federal Government also experienced a deficit of RM40.32bil and had taken internal and external borrowings totalling RM129.25bil to repay the loans.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
