Federal revenue to hit RM380.8 billion in 2027, tax collections lead growth
FEDERAL government revenue is projected to rise 4.7% to RM380.8 billion in 2027, with higher tax collections expected to offset modest growth in non-tax income, according to the Finance Ministry. In its Fiscal Outlook and Federal Government Revenue E...
The Finance Ministry has forecast federal revenue to increase 4.7% to RM380.8 billion in 2027, with tax collections driving growth. Tax revenue is set to rise 5.8% to RM297.1 billion, constituting 78% of total revenue. Non-tax revenue is expected to grow 1.1% to RM83.7 billion. Petroleum revenue is projected to reach RM61.2 billion, or 16.1% of total revenue, driven by a RM32 billion dividend from Petronas.
Indirect tax revenue, including sales and service tax, is anticipated to increase 8.3% to RM97.2 billion. The ministry attributes the projected revenue growth to robust economic performance, higher global crude oil prices, and improved tax collections through measures like e-invoicing and enhanced enforcement.
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