KUCHING: Sarawak is poised to collect a record high revenue of RM11.035bil next year, reflecting the state government's achievements in boosting the state coffers, says Tan Sri Abang Johari Tun Openg.
The Sarawak Premier said tax revenue totalling RM5.246bil was projected to account for 48% of the total expected revenue, including RM3.2bil from state sales tax on petroleum products.
Abang Johari said RM3.997bil would be allocated for operating expenditure while RM7.506bil was proposed for development expenditure, of which RM4.54bil will be for rural development. "This budget is a foundation for Sarawak's future; a financially responsible plan that seeks to make our state safer, more secure, more resilient and more prosperous," Abang Johari said.
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