Chief minister Chow Kon Yeow tabling the RM1.074 billion state budget for 2027 in the state assembly today. (JohnShen Lee pic)GEORGE TOWN: The Penang government has tabled a RM1.074 billion state budget for 2027, with a projected deficit of RM5.26 million, its lowest to date.
Chief minister Chow Kon Yeow (PH-Padang Kota) said next year’s budget, which is RM14 million smaller than this year’s RM1.088 billion allocation, would have a record-low deficit of RM5.26 million based on projected state revenue of RM1.069 billion.
This marks the second consecutive year Penang has recorded its lowest budget deficit, following the RM19.92 million deficit projected for 2026.
Chow said Penang collected RM847.53 million in state revenue from January to Oct 30, equivalent to 79.35% of its annual revenue target.
