The Federal Government's revenue collection in 2022 is estimated to be higher at RM234bil or 14.3% to gross domestic product (GDP).
In the Fiscal Outlook 2022, it says the higher revenue will be driven by the anticipated increase in tax revenue collection to RM171.4bil and non-tax revenue to RM62.6bil.Similarly, total expenditure is budgeted to be slightly higher at RM332.1bil or 20.3% to GDP, attributed to higher operating expenditure (OE) at RM233.5bil and development expenditure (DE) at RM75.6bil.
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