Putrajaya spent RM55.443bil on subsidies in 2022, which is an increase of 322.1% or RM42.309bil from the previous year, where subsidies cost the government RM13.134bil, according to the Auditor-General’s Report 2022.
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NewsTranscript
00:00 PSC has heard the statement from the head of state.
00:07 PSC has been informed that the government's debt to the government has increased from RM1.079 trillion in 2022 to RM979.814 billion in 2021.
00:30 PSC's spending has increased from RM333.484 billion in 2021 to RM395.246 billion in 2021.
00:50 PSC's spending in 2022 is still in deficit, at RM99.3482 billion, compared to the government's deficit in the KDNK, at RM56.4 billion.
01:12 The deficit is largely due to the debt from both domestic and foreign countries. The deficit in 2022 fell by 64% in 2021, with the government's receipt in 2022 increasing to RM295.764 billion,
01:38 compared to RM234.744 billion in 2021.
01:44 PSC's government subsidy spending in 2022 continues to increase, with a total of RM55.443 billion spent, compared to RM13.134 billion in 2021,
02:05 with a total of RM42.309 billion spent, or RM322.1 billion spent.
02:15 Among the highest subsidy spending is the total of RM45.184 billion in petroleum products.
02:25 Although the government's subsidy is over RM1 trillion, the government's subsidy is 57.6% lower than the KDNK's, and still below the statutory limit of 65% under Section 2 of the Act A1635.
02:48 The government's subsidy is still below the statutory limit of RM1 trillion, and still below the statutory limit of 65% under Section 3 of Act 830.
02:56 Petronas continues to be the largest contributor to the government's dividend, at RM50 billion in 2022, compared to RM25 billion in 2021,
03:11 with a total of RM55.815 billion in dividend spending from 16 government-to-state and two-bodies companies.
03:30 .