LKAN: Government’s investment position stands at RM35.15b in 2022

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KUALA LUMPUR: The government’s investment position amounted to RM35.15 billion at the end of 2022, a decrease of RM8.24 billion, or 19 per cent, compa...

: The government’s investment position amounted to RM35.15 billion at the end of 2022, a decrease of RM8.24 billion, or 19 per cent, compared with RM43.39 billion in 2021.

The Consolidated Revenue Account recorded a surplus of RM1.66 billion, a decrease of RM572 million, or 25.6 per cent, compared with RM2.236 billion in 2021. “The increase in the investment balance is attributed to the receipt of funds from Petroliam Nasional Bhd amounting to RM500 million as well as the reinvestment of interest and dividends,” it said.

In 2022, the government’s stakeholdings in Digital Nasional Bhd increased to 500 million ordinary shares with a par value of RM1 per unit. In 2022, investment dividends received from 16 companies and two statutory bodies amounted to RM55.815 billion, an increase of RM23.60 billion, or 73.3 per cent, compared with RM32.21 billion in 2021.

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