KUCHING: The state government expects to generate RM15 billion income next year to fund its infrastructure developments.
Chief Minister Datuk Patinggi Abang Johari Tun Openg said the RM10.012 billion of expected revenue in the 2021 State Budget plus the RM4.5 billion development allocation from the federal government would be able to move Sarawak forward.
“The federal government has given us RM4.5 billion in terms of infrastructure funds and they also gave us other allocations through the various ministries. This means if we generate RM10 billion and add it to the RM4.5 billion, we will have approximately RM15 billion. So, this is sufficient to drive Sarawak forward for one year.
“My worry is only our capacity – whether we will be able to these projects and whether our contractors will be up to it,” he said during an interview on post 2021 Budget on TVS.
Abang Johari said Sarawak has a good revenue source from its tax on oil and gas with it contributing nearly RM3.2 billion this year.
“We also have tax on palm oil, that will generate us RM800 million to RM1 billion, income from non-taxable revenue such as our royalty on water amounting to RM600 million and dividends and income from interests.
“Put all those together, we will have more than RM10 billion where almost half of it will come from sales tax. We are not stopping there – in the future, there will be other sources of revenue.
“That is how, despite our expenditure that is nearly RM10 billion, we will be able to have a surplus of RM180 million,” he said.