GEORGE TOWN, Nov 6 – Penang Chief Minister Lim guan Eng had tabled an expenditure of RM979.53 million involving a deficit amount of RM292.13 million deficit budget for 2016, an increase of RM61.82 million compared to last year’s deficit, which stood at 230.31 million.
Chief Minister Lim Guan Eng said this deficit would be supported by the state’s consolidated savings which stands at RM880.75 million at the end of 2014. The Budget was announced by Chief Minister Lim Guan Eng at the Penang State Assembly earlier today to showed a deficit budget by the DAP-led Penang government since it took over in 2008.
