Penang tables higher deficit budget


All good: Chow (centre) and Deputy Chief Minister I Mohamad Abdul Hamid (in grey) with other assemblymen at the Penang State Assembly Building in George Town. — LIM BENG TATT/The Star

GEORGE TOWN: Penang has projected a RM514.53mil deficit in the state’s Budget 2024, marking its 13th consecutive deficit spending plan since 2011.

With RM1.047bil required for management of the state government, the higher deficit next year will be an increase of RM58.13mil compared with this year, said Chief Minister Chow Kon Yeow.

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