KUCHING: The Sarawak government will not be injecting any more funds for capital outlay into two of its statutory bodies, Sarawak Economic Development...
: The Sarawak government will not be injecting any more funds for capital outlay into two of its statutory bodies, Sarawak Economic Development Corporation and Bintulu Development Authority , with effect from 2027.
“We want them to generate their own revenue. They have to explore new revenue streams because some of the subsidiaries are involved in commerce and economic activity,” he told reporters after officiating the National Auditors’ Conference here today. “Therefore, the government does not need to provide anymore. We’ll use the savings that we get for other infrastructure projects with slow returns, like building schools and clinics,” he said.
“The government would not have to use the money to give them capital and then they just stay inert, thinking that it is okay to incur losses as the government would give them money. That sort of mindset must change,” he said.
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