Penang exceeds revenue target, RM574.56m collected till Oct 31 - CM

Penang collected revenue amounted to RM574.56 million as at Oct 31 this year, exceeding its target of RM506.02 million for the full-year 2021, after achieving revenue collection of RM467.28 million in 2020.

Chief Minister Chow Kon Yeow said the state government estimated the 2020 revenue to be at RM519.16 million, but the target was not achieved due to Covid-19, while the 2020 expenditure estimate was RM792.66 million and actual expenditure RM734.06 million...