Govt spent RM164.2bil in Q1 this year, up 5.7% over same period last year, Dewan told


KUALA LUMPUR: The government spent RM164.2bil in the first quarter of this year to manage the country and provide Covid-19 aid, says Deputy Finance Minister Mohd Shahar Abdullah.

"The expenditure was an increase of 5.7% over what was spent in the same period last year," he said when replying to a question by Fong Kui Lun (PH-Bukit Bintang) in the Dewan Rakyat on Thursday (Sept 23).

Of the amount, he said RM117.4bil was for management expenditure, RM28.4bil for development expenditure, and RM18.4bil for Covid-19-related expenditure.

Mohd Shahar noted that 82.5% of development expenditure went to the economic and social sectors.

"For example, RM18.9bil of development expenditure was for Bantuan Perihatin Nasional, RM3.7bil for wage subsidy, RM2bil for special grants to micro entrepreneurs and small to medium enterprises," he said.

Mohd Shahar informed the House that although government revenue had increased by 4.6% to RM106.4bil for the first quarter over the same period last year, the increase was still lower than expected.

He said to address this, the government would seek to increase revenue through several measures which will be announced in Budget 2022.

Among the measures would be the introduction of a tax identification number, and the tightening of smoking controls such as imposing tax on vape products.

To a question by Datuk Seri Ahmad Maslan (BN-Pontian) on the exact amount of shortfall in government revenue, Mohd Shahar said it would be known later in the year.

To a suggestion by Syed Saddiq Syed Abdul Rahman (Ind-Muar) for windfall taxes to be imposed on rubber glove manufacturers who made huge profits due the pandemic, Mohd Shahar said such a move needed careful consideration.

He also told Syed Saddiq that RM400mil in revenue contribution from the corporate sector including rubber glove manufacturers last year was used to help in the nation's fight against Covid-19.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Nation

Senior corporate lawyer freed of four insider dealing charges
Pakatan yet to decide on accepting four Melaka reps who triggered collapse of state govt, says Anwar
Actor Fauzi Nawawi apologises for 'rape joke' made during interview
Flash floods hit several neighbourhoods in Klang, 31 evacuated to relief shelters
Man, woman found dead at PPR in Setapak Jaya
Prosecution's evidence irrelevant to Zahid's charges, says defence lawyer
Fireman passes out while trying to save flood victim in Melaka
Mersing Umno Youth chief dies at 40
Johor Sultan expresses disappointment in those who dump garbage into drains, causing floods
Covid-19: Mild or asymptomatic infections reported in 98.2% of 5,516 new cases

Others Also Read


Vouchers