The Federal Government expenditure amounted to RM86.7 billion in the first quarter of 2022, according to the Ministry of Finance (MOF).
“Most of the expenses are to cover emolument payments (RM22 billion), debt service payments (RM9.1 billion) and retirement payments (RM8.4 billion).
“In addition, a total of RM11.5 billion has been spent for the purposes of subsidies, assistance and incentives including subsidies for petrol, diesel and liquid cooking gas as well as Malaysian Family Assistance phase 1 payments,” said the ministry in a written reply in Parliament here.
It is to answer a question from Datuk Seri Saifuddin Nasution Ismail (PH-Kulim-Bandar Bharu) regarding the government’s current financial ability to fulfill debt payment commitments, subsidy obligations and emoluments and pension payments.
He also wants to know the total value of the commitment of subsidy, emoluments and pensions as well as debt payments as of the first quarter of 2022.
According to the Ministry of Finance, debt payments, retirement payments and emoluments are priority spending components (locked-in) compared to other spending components.
Accordingly, the government always ensures that the government’s financial position is strong to ensure the ability to pay the commitment, he explained.