Finance minister: Govt exploring options to raise national income | Malay Mail

Finance Minister Tengku Datuk Seri Zafrul Aziz says the government will continue to explore various options to increase the national income including diversification of revenue sources. — Picture by Miera Zulyana

He said the current focus is on protecting the people and supporting businesses in order to revive and strengthen the economy. “Every US$1 per barrel drop in crude oil prices will have an impact of RM300 million on the federal government’s revenue, so the federal government’s deficit will rise,” he said in reply to a supplementary question from Datuk Amiruddin Hamzah at the Dewan Rakyat today.

Tengku Zafrul said the government reduced the deficit to 3.8 per cent in 2013, and to 3.4 per cent at end-2019 from 6.7 per cent in 2009 after the global economic crisis.

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