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).
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