Sarawak’s revenue for Jan-March amounts to RM3.1 bln

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SARAWAK collected a revenue of RM3.108 billion or 31 per cent of the estimated revenue of RM10.036 billion in the first quarter of this year, Deputy Premier Datuk Amar Douglas Uggah said.

He said the revenue was collected from major sources, namely State Sales Tax (SST) of RM1.248 billion, cash compensation in lieu of oil and gas rights (RM876 million), dividend (RM634 million), raw water royalty (RM109 million), forestry receipts (RM66 million) and interest and returns from investment (RM57 million).

“The revenue collected also included land premium of RM39 million, federal grants and reimbursement of RM19 million and other sources such as mining royalties, water sales and land rents of RM60 million,” he said in his ministerial winding-up speech today.

Uggah, who is the Second Minister for Finance and New Economy, said the ordinary expenditure was revised upwards from RM10.646 billion to RM10.706 billion, an increase of RM60.064 million or 0.01 per cent for 2022 to cater for additional grants to 23 local authorities for Bantuan Khas Sarawakku Sayang initiative (BKSS 8.0) which was extended to June this year.

“As of the first quarter, a sum of RM2.577 billion of ordinary expenditure or 24 per cent was expended,” he added.

On the development expenditure for the first quarter of this year, the state spent RM1.632 billion or 22 per cent of the approved development expenditure, he said.

“The expenditure is expected to increase as the development momentum continues to pick up as we enter the endemic phase.

“In this respect, I urge all controlling officers and heads of departments to continue showing their commitment and dedication to implement and monitor projects closely to ensure that all approved projects are completed on schedule and within the budget.

“Therefore, all programmes and projects under the 12th Malaysia Plan (12MP), particularly those of high impact and that have greater multiplier effects to the rakyat, must be implemented smoothly and speedily,” he said.

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