Penang govt tables higher deficit budget for 2023

BernamaPublished: Nov 21, 2022 8:16 AM

The Penang government has presented its budget for 2023 with a higher deficit of RM467.12 million against a deficit of RM449.80 million in 2022.

Chief Minister Chow Kon Yeow said the budget deficit was necessary for the state government’s promise to boost Penang’s development while ensuring people’s welfare is prioritised.

“Taking into account 2023’s expected revenue of...

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