GEORGE TOWN: Penang has tabled its 2025 Budget amounting to RM940.223 million for operating expenses, with the lowest projected deficit in the state’s...
: Penang has tabled its 2025 Budget amounting to RM940.223 million for operating expenses, with the lowest projected deficit in the state’s history at RM33.63 million.
He noted that the 10.19 per cent reduction reflected a realistic approach, sending a clear message that the state government prioritised pragmatism over idealism in considering the long-term fiscal sustainability of the state. “Despite the reduction, the 2025 Budget will not hinder the momentum of high-impact projects such as Gurney Bay, the Penang Transport Master Plan , flood mitigation projects, and state road upgrades,“ he said.
In comparison, he said the estimated state revenue for 2025 represented an increase of RM373.51 million, or more than 70 per cent higher compared to the estimated revenue for 2024, which was RM533.08 million.
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