PETALING JAYA: The government reported improved financial performance in 2023, with a revenue surplus increase of RM2.028bil and a deficit reduction of RM8.595bil compared with 2022.
The fiscal deficit has decreased to RM90.887bil, a noteworthy improvement from RM99.482bil in 2022. This brought down the national deficit-to-GDP ratio to 5.0% in 2023, down from 5.5% in 2022.
