Penang government posts record RM138m surplus

The Penang state government posted a record surplus of RM138m in 2011 compared to RM33m in 2010.

This was achieved on the back of a 47 per cent rise in revenue to RM603m in 2011 despite the state government incurring a 23 percent increase in expenditute to RM466m, revealed Chief Minister Lim Guan Eng in a statement.

- anilnetto