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Malaysia's state energy firm forecast to contribute over 13 bln USD to budget

Malaysia's state energy firm Petroliam Nasional Bhd (Petronas) is forecast to contribute to around 59 billion RM (13.25 billion USD) to the government budget this year, a year-on-year rise of about 12%.
Malaysia's state energy firm forecast to contribute over 13 bln USD to budget ảnh 1Illustrative image (Photo: Petronas)
Kuala Lumpur (VNA) - Malaysia's state energy firm Petroliam NasionalBhd (Petronas) is forecast to contribute to around 59 billion RM (13.25 billionUSD) to the government budget this year, a year-on-year rise of about 12%.

Speaking at a recent Parliament session, Minister in chargeof Economy Mustapa Mohamed said that Petronas contributions are a significantsource of revenue for the federal government, which is expecting to spend arecord 77.3 billion RM in subsidies and cash aid this year to help the publictackle inflation.

In 2021, the company contributed 48.2 billion RM individends, taxes and cash payments to the government.

Petronas projects a total after-tax profit of around 75-80billion RM this year, Mustapa added./.
VNA
#Malaysia#Petronas#59 billion RM#government budget#Vietnam#Vietnamplus#Vietnam News Agency
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