The federal government recorded better financial performance in 2023 compared to 2022, with a surplus increase of RM2.028 billion and a deficit reduction of RM8.595 billion.

This brought the country’s deficit-to-gross domestic product (GDP) ratio down to 5.0 percent in 2023 from 5.5 percent in 2022, according to the Auditor-General’s Report 3/2023 on the Federal Government’s Financial Statements for 2023, presented in the Dewan Rakyat today...