Govt's revenue falls 18 pct due to Covid

Putrajaya has estimated that its revenue has declined approximately 18 percent to RM200.5 billion in 2020 due to the fallout from the Covid-19 pandemic.

In a parliamentary written reply, Finance Minister Tengku Zafrul Abdul Aziz said that due to this, he expected a wider of deficit at 5.8 percent to six percent of the gross domestic product (GDP).