The chief minister says the state government will dig into its reserves to make up for the shortfall next year. FMTNews Budget ChowKonYeow
Penang Chief Minister Chow Kon Yeow has unveiled a RM909.8 million ‘people-centric’ budget for 2021.
The 2021 budget is an increase of 14.7% compared with this year’s, which amounted to RM792.6 million. However, development spending will go up to RM294.1 million, an increase of RM24.7 million from this year. He said the increase is to fund a RM12.7 million sporting development project on behalf of the state-owned Stadium and Open Spaces Corporation, and other projects.The State Islamic Affairs Department will receive an increased allocation of RM18.6 million compared to RM11 million previously, a 70% increase, while the Drainage and Irrigation Department, which deals with flood mitigation, will be allocated RM17.59 million, compared with RM17.53 million this year.
The funding for the SFO will be lower at RM148.9 million compared to RM152.3 this year, while PWD will receive RM17.7 million compared to RM24.1 million.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Penang ratepayers to pay full assessment rates in 2021 | Malay MailGEORGE TOWN, Oct 12 — Penang ratepayers will have to pay full assessment rates in 2021, state exco Jagdeep Singh Deo (DAP - Datuk Keramat) said during the Penang legislative assembly. He said both city councils were affected when it collected less revenue this year as ratepayers were given a...
Read more »
Penang tables deficit Budget for 2021 | Malay MailGEORGE TOWN, Oct 12 — Penang Chief Minister Chow Kon Yeow tabled a RM909.82 million Budget 2021 with a projected deficit of RM403.8 million, which is a higher deficit compared to the 2020 Budget. This makes it the 10th consecutive deficit Budget for Penang since 2011. Chow said the deficit for...
Read more »
Putrajaya eyeing consolidation of cash handouts after Budget 2021, says finance minister | Malay MailKUALA LUMPUR, Oct 12 — The government may consider consolidating its direct cash assistance to the rakyat, particularly after Budget 2021, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. He said the government is currently in discussion with relevant stakeholders,...
Read more »
Malaysia’s economy to grow by 8% in 2021, says Tengku ZafrulThe finance minister also says next year's Budget will hinge on four key principles. FMTNews Malaysia Budget Economy
Read more »
Kedah edge Perak 3-2 for 2021 AFC Cup ticket | Malay MailKUALA LUMPUR, Oct 11 — Brazilian Renan Alves was the toast of Kedah tonight when he delivered the winning goal to beat Perak 3-2 and clinched the Super League runners-up title while confirming Kedah’s berth to the 2021 Asian Football Confederation (AFC) Cup championship. It was a sweet victory...
Read more »