Govt's revenue falls 18 pct due to Covid

Published: Sep 3, 2020 9:42 AM | Updated: Sep 3, 2020 10:18 AM

Putrajaya has estimated that its revenue has declined approximately 18 percent to RM200.5 billion in 2020 due to the fallout from the Covid-19 pandemic.

In a parliamentary written reply, Finance Minister Tengku Zafrul Abdul Aziz said that due to this, he expected a wider of deficit at 5.8 percent to six percent of the gross domestic product (GDP).

Fitch expects constrained govt spending despite increased debt limit

Foreign fund outflow widens to RM370.4m during the week Aug 24-27

Moratorium estimated at RM74.3b as of Aug 14 - Finance Ministry

MP SPEAKS | Wage subsidy programme not enough to save jobs

Comments0

By posting a comment, you agree to our Commenting Terms and Conditions as stipulated in full here.

Do's and don'ts when posting comments in Malaysiakini

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.

NOTICE

Our commenting system is still under development. We have taken note of feedback provided.

Subscriber-only space: