Wednesday, November 8, 2017

#DUNSarawak:Sarawak to continue with development-biased budget in 2018

Sarawak, being a developing state, has to continue with a development-biased budget to stimulate a desirable level of economic activities and to sustain economic growth during the year.

In this regards, Chief Minister Datuk Patinggi Abang Johari Tun Openg said under the 2018 Budget proposal, a sum of RM5.745 billion or about 70 per cent of the total budget is proposed for development while an amount of RM2.481 billion, or 30 per cent of the total budget, is proposed for operating expenditure.

“The state government is committed to intensify implementation of programmes and projects to further accelerate state development. Of the total development budget, 53 per cent allocation will be provided for rural areas in 2018 amounting to RM3.062 billion.

“This provision is higher, compared to RM2.65 billion in 2016 and RM2.982 billion in 2017. Our continual efforts in rural development is vital towards achieving our development objective in opening up greater opportunities in the rural and remote areas for the economic prosperity of our rural community,” Abang Johari said when tabling the state Budget Proposal 2018 at the State Legislative Assembly (DUN) sitting today.

Abang Johari, who tabled his maiden budget since becoming the chief minister on Jan 13 this year, said a sum of RM5.781 billion is proposed for Ordinary Expenditure for 2018.

“Out of this total allocation, RM2.481 billion is for operating expenditure and a sum of RM3.3 billion is proposed to be appropriated to the statutory funds, to finance development programmes and projects.

“The proposed allocation or RM2.481 billion for operating expenditure next year is an increase of RM275 million or 12 per cent over the approved expenditure of RM2.206 billion for this year.”

He said the proposed 2018 Budget is estimated to register a budget deficit of RM256 million, adding that the budget deficit for the year is on the basis of an expected total revenue of RM5.525 billion against a total ordinary expenditure estimate of RM5.781 billion.

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