Sarawak projects RM13.04b revenue in 2026, says deputy premier

“KUCHING, May 20 — Sarawak is projecting a revenue of RM13.04 billion to be collected this year, said Sarawak Deputy Premier and Second Minister for Finance and New Economy Datuk Amar Douglas Uggah Embas. Uggah said that as of April, RM3.86 billion, or 29.6 per cent of the projected amount, has been collected. “The RM3.86 billion collected came from several major sources, which, among others, include RM1.58 billion from state sales tax, cash compensation in lieu of oil and gas rights (RM1.10 billion) and dividends of RM545 million,” he said when winding up the ministry’s debate on the motion of thanks to the Yang Dipertua Negeri at the Sarawak State Legislative Assembly here today. Uggah said given the prevailing economic headwinds and geopolitical uncertainties affecting global oil and gas markets, the state government foresee an impact on this year’s revenue projection. “Even so, the government is committed to strengthening resilience through prudent fiscal management and targeted initiatives to support the rakyat and the economy,” he said. Meanwhile, he said that as of April this year, RM3.72 billion, or 29 per cent of the approved ordinary expenditure, has been expended, while RM2.16 billion, or 23 per cent, has been expended for development expenditure. “As programme and project implementation progresses, expenditures are anticipated to increase in the latter half of the year. “In this regard, controlling officers and heads of departments must continue to demonstrate unwavering commitment to delivery, proactively addressing any implementation issues and exercising prudent financial management, so that all initiatives are realised within the resources available,” he added. — Bernama

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