KUALA LUMPUR (Reuters): Malaysia said on Friday (June 3) an increase in government revenue from rising commodity prices was insufficient to offset an expected spike in subsidy spending this year.
Current geopolitical tensions had elevated fiscal risks, particularly from rising commodity prices, global supply chain disruptions and tightening monetary policy, the Finance Ministry said, as the country looks to prepare its 2023 Budget.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
