Over RM55bil spent on subsidies

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Over RM55bil spent on subsidies
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MELAKA: A 33-year-old religious school teacher was fined a total of RM12,000 by the Magistrate's Court in Ayer Keroh here for three offences of cheating two women into sex and in possession of pornographic images in his mobile phone.

PUTRAJAYA spent RM55.443bil on subsidies in 2022, which is an increase of 322.1% compared to 2021, where subsidies cost RM13.134bil.

The audit statement, which audited the Federal Government’s financial statement, said both revenue and expenditure in 2022 were higher than the previous year. The Finance Ministry recorded the highest operating expenditure among the ministries, with RM120.174bil or 40.8%, of the Federal Government’s total operating expenditure in 2022, an increase of RM47.125bil or 64.5%, compared to RM73.049bil in 2021,” it said.Expenditure from the Covid-19 fund amounted to RM30.979bil in 2022, with the accumulated expenditure from the Covid-19 fund totalling RM106.70bil by the end of 2022.The federal debt-to-GDP ratio for 2022 was 60.

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