Penang’s financial position at good, healthy level – Chief Minister

GEORGE TOWN, Jan 4 (Bernama) — The Penang government’s financial position is at a good and healthy level despite high deficit, says Chief Minister Chow Kon Yeow.

He said although the Penang Island City Council (MBPP) recorded high deficit according to the Auditor-General’s Report 2017 Series 2, it did not affect the state’s economy.

Indeed MBPP experienced deficit in 2017 but it is due to the Jalan Bukit Kukus paired road project worth almost RM300 million and the project is under the directive of the state government, he told reporters here today.

Source: BERNAMA (News Agency)