KUALA LUMPUR (Reuters): Malaysia said on Friday (June 3) an increase in government revenue from rising commodity prices was insufficient to offset an expected spike in subsidy spending this year.
Current geopolitical tensions had elevated fiscal risks, particularly from rising commodity prices, global supply chain disruptions and tightening monetary policy, the Finance Ministry said, as the country looks to prepare its 2023 Budget.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
