Become a member

Get the best offers and updates relating to Liberty Case News.

― Advertisement ―

HomeMalaysia NewsSarawak CM Tabled Surplus State Budget 2021

Sarawak CM Tabled Surplus State Budget 2021

Kuala Lumpur: Chief Minister Patinggi Abang Johari Openg tabled a surplus state Budget 2021 in the Sarawak state legislative assembly. According to reports, the budget is estimated to be worth RM10.012 billion and a total proposed ordinary expenditure of RM9.832 billion.

He stated that the Budget will generate a surplus of RM180 million. Adding that revenue will be generated from tax revenue totalling RM4.742 billion, including RM3.687 billion from the State Sales Tax (SST), of which RM3.034 billion will come from crude oil, liquefied natural gas and other petroleum products.

Aluminium products will generate RM58 million, crude palm oil and crude palm kernel oil will add RM505 million and RM80 million from the lottery and the remaining RM10 million will be from the tyre industry.

The bill proposes RMRM9.832 billion for ordinary expenditure, RM3.832 billion for operating expenditure while RM6 billion is proposed for the Development Fund Account to finance the implementation of various development programmes and projects.

He further added that the bill includes RM73 million for procurement assets and RM321 million for other operating expenses.

“The year 2021 will mark the first year of the 12th Malaysia Plan (2021- 2025) implementation period,” he said. The budget is made across eight strategic thrusts aimed at steering and reinvigorating the economy towards recovery and sustainable growth.