MOF: RM86b of Covid-19 fund used as of August 2022

A total of RM86 billion or 78.2 percent of the RM110 billion Covid-19 Fund has been utilised as of August 2022.

The Covid-19 Fund allocation for 2022 is revised from RM23 billion to RM28.8 billion to finance electricity subsidies of RM5.8 billion following the government’s decision to maintain the Imbalance Cost Pass-Through (ICPT) rate, said the Finance Ministry in its 2023 Fiscal Outlook and Federal Government Revenue Estimates report released today.

According to the report...