After a second downward revision, the ministry now expects the difference between state revenue and spending to reach just 3.92 per cent of GDP, much lower than its previous projection of 4.5 per cent as well as the budget plan’s original assumption of 4.85 per cent.
Led by the United States Federal Reserve, central banks around the world have raised their interest rates at a speed also not seen in decades, raising concerns about some countries’ ability to service debt. Tax revenue, including income from customs and excise, is expected to reach Rp 1.92 quadrillion, while nontax revenue is projected to reach Rp 510.9 billion. These figures exceed last year’s achieved income by 24 and 11 percent, respectively.
The rise in spending was necessary to keep fuel and electricity affordable despite the global surge in energy prices, she underlined. “This was all done as a cushion to protect the people against [external] shocks,” Sri Mulyani said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lazada 7.7 Mid-Year Mega Sale (July 7-9) returns with great deals and bigger savings for MalaysiansLAZADA’s 7.7 Mid-Year Mega Sale returns with a greater selection of jaw-dropping deals, rewards and shoppertainment from July 7 to 9, 2022. - brought to you by LazadaMY
Source: staronline - 🏆 4. / 75 Read more »
2,527 new Covid-19 cases yesterday | The Malaysian InsightMinistry of Health says no deaths recorded in past 24 hours. Hai bodoh.. Ini ambulbc oto matrix.. Gelxly. Ini ejin kuat jaham.. 7 pask tenbaga.. Ahhhhh.. Itu eltroninc. Tiada rantai dalam ejin. Tiada tinbal. Ini my Hart.. Pakar jantung.. Bulst facuk u mafia banduan kes pelaburan Dana dunia warganegara banduan kes pelaburan Dana dunia...
Source: msianinsight - 🏆 8. / 63 Read more »
Zuraida expects CPO prices to stay above RM4,500 a tonne | The Malaysian InsightMinister says falling prices due to Indonesia’s palm oil export ban, Russia-Ukraine war.
Source: msianinsight - 🏆 8. / 63 Read more »
Kedah man, 62, is first Malaysian to die in Mecca during this year's haj seasonKUALA LUMPUR: A 62-year-old man from Kuala Nerang, Kedah, is the first Malaysian pilgrim to die in Mecca, Saudi Arabia, during the 2022 haj season, says Datuk Idris Ahmad. Innalillahi wa Innalillahi rawjiun semoga Allah SWT mencucuri rahmat atas rohnya. Al Fatihah. Innalillahiwainnailaihirojiun. Sesungguhnya pengakhiran di dunia yg sangat dicemburui. Salam takziah utk family dan rakan² Allahyarham DGHisham MasyaAllah. Kematian yang dicemburui. Semoga roh disisi orang2 soleh & solehah
Source: staronline - 🏆 4. / 75 Read more »
Aeon Credit Q1 net profit falls marginally to RM163.06mKUALA LUMPUR, July 4 — Aeon Credit Service Bhd posted a marginal drop in net profit to RM163.06 million in the first quarter (Q1) ended May 31, 2022 compared with RM163.09...
Source: malaymail - 🏆 1. / 86 Read more »
Maybank IB says interest rate hikes dampen Malaysia’s property sectorKUALA LUMPUR, July 4— Maybank Investment Bank (Maybank IB) is maintaining its neutral call on Malaysia’s property sector due to growing risks such as slower sales amidst the...
Source: malaymail - 🏆 1. / 86 Read more »