Penang govt tables budget with higher deficit for 2024

The Penang state government presented its budget for 2024 with a deficit of RM514.53 million compared to the deficit of RM467.12 million in 2023.

Chief Minister Chow Kon Yeow, when presenting the budget in the state legislative assembly today, said the deficit was necessary in view of the state government’s promise to boost Penang’s development while also prioritising people’s welfare.

“As much as RM1.047 billion is allocated for...