How did federal government revenue change from 2021 to 2022?

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Federal Government Revenue Increased Significantly in 2022

The federal government's revenue saw a substantial increase in 2022, reaching RM294.357 billion. This figure represents a growth of RM60.605 billion, or 25.9 per cent, compared to the RM233.752 billion recorded in 2021.
Revenue Growth Compared to Previous Year

In 2022, the federal government collected RM294.357 billion in revenue. This amount marked a considerable rise from the RM233.752 billion generated in the preceding year, 2021. The difference of RM60.605 billion signifies a robust 25.9 per cent year-on-year increase in government earnings.
Auditor-General's Assessment of Financial Statements

The financial statements for the federal government in 2022 were found to be adequately maintained and updated. According to the Auditor-General's statement, these records provide a true and fair view of the government's financial position as of December 31, 2022, leading to the issuance of Certificates Without Reprimand with Other Matter paragraphs.
Breakdown of Expenditures and Funds

While revenue increased, the report also detailed expenditure figures. The approved budget for operating expenditures was RM236.966 billion, but actual spending reached RM292.693 billion. After a surplus of RM1.664 billion was transferred to the Development Fund, actual operating expenditures effectively amounted to RM294.357 billion. Grants and fixed charges constituted the largest portion of operating expenditures, accounting for RM170.243 billion, or 57.8 per cent.

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How did federal government revenue change from 2021 to 2022?

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