KUALA LUMPUR: The 2016 Auditor-General’s Report which was released today revealed that there was a downward trend in the federal government revenue. In 2016, the government earned a revenue of RM212.421 billion, a decrease of RM6.668 billion or three per cent. The Treasury allocated management expenditure of RM212.3 billion, where 99 per cent or RM210.173 billion from the allocation was spent. “The government suffered a deficit of RM38.4 billion with a deficit ratio to the Gross Domestic Product at 3.12 per cent. “Apart from development expenditure, these loans were also use to repay and support the Housing Loans Fund.” the report read.

Source: New Strait Times July 31, 2017 06:00 UTC