It’s official. Budget 2022 is the biggest ever tabled, with a total allocation of RM332.1 billion. While total revenue is expected to come in at RM234 billion in 2022, the total operating and development expenditure is expect to exceed that, amounting to RM309.1 billion.
Fiscal deficit increased to 6.5% for 2021 although it was forecast at 5.4% in the tabling of the budget last year. The deficit is expected to moderate to 6% in 2022.
Here are the highlights of the Budget 2022 announcement.
