KUALA LUMPUR: The Federal Government's revenue collection is envisaged to decrease by 4.4% in 2023 to RM272.6bil or 15% of Gross Domestic Product (GDP) due to anticipated lower non-tax revenue collection.
The non-tax revenue in 2023 is expected to decline by 23% year-on-year to RM67bil due to lower dividends from government entities, the Finance Ministry said in its Fiscal Outlook and Federal Government Revenue Estimates 2023 report released on Friday (Oct 7).
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
