The Sarawak government has presented the largest state budget ever at RM11.9 billion for the year 2019 ahead of the tough state election which is to be held in 2021 for Gabungan Parti Sarawak which is in power.
Datuk Patinggi Abang Johari Openg, the Sarawak Chief Minister from Gabungan Parti SarawakGabungan Parti Sarawak
Gabungan Parti Sarawak has stated that the Budget of 2019 will be completely development-based and also rural-focused economic progress and activities for the state.
In the 2019 Budget, a significant allocation of RM9.073 billion is offered for the development expenditures. This is known to represent around 76% of the entire budget while 24% or RM2.841 billion for the operating expenditure, as said by him when he had been tabling the state budget 2019 in the highest legislative assembly.
Abang Johari, the Finance and the Economic Planning Minister said that out of the total development fund, a sum of RM6.049 billion or 67% allocation is going to be provided for the development of the rural areas.
This provision is quite higher in comparison to RM2.982 billion in the year 2017 and also RM3.062 billion in the year 2018. The chief minister has mentioned that total state revenue for the year 2019 is actually projected at RM10.513 billion, an increase of 51% or RM3.547 billion in comparison to the revised venue system that has been estimated at RM6.966 billion for the year 2018.
This is going to be the first time that that state is expected to secure a record high revenue of over RM10 billion. This level of revenue is important for enabling people to move forward with the development agenda for Sarawakian’s benefit. He has stated that 2019 state revenue estimate is actually made up of tax revenue which is expected at 50% or RM5.268 billion of the total revenue which is to be expected in 2019. This will include RM4.462 billion from sale tax, RM474 million forestry, and also RM332 million from the mining royalties and raw water.