Najib raises alarm as revenue dips and deficit spikes

[superadmin]

PETALING JAYA: Former prime minister Najib Razak believes the state of emergency could be hindering foreign investors from coming to Malaysia.

Najib took to Facebook to ask this question after highlighting that Putrajaya recorded less revenue than it projected in the first quarter of 2021 than the second quarter of 2020 despite fewer restrictions under the second movement control order (MCO 2.0) and higher global oil prices.

The government only recorded RM49.5 billion in revenue for the first quarter of this year – 21% of the full-year estimate of RM236.9 billion. The revenue in the second quarter of 2020 was RM56.5 billion.

As for the government’s expenses, it spent RM81 billion for Q2 2020 and RM86.6 billion for Q1 2021.


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