KUCHING, Nov 8: Chief Minister Datuk Patinggi Abang Johari Tun Openg is proposing a deficit budget of RM256 million, from an estimated state revenue of RM5.53 billion and expenditure of RM5.78 billion.
When tabling the proposal on the first day of the state assembly sitting today, Abang Johari who is also the Finance Minister said the 2018 budget will continue to put a strong focus on enhancing the effectiveness, efficiency and productivity of the state government service delivery system.
For 2018, state revenue of RM5.53 billion is estimated to be made up of tax revenue of RM1.47 billion (which consists of forestry royalty and premium, RM641 million; sales tax, RM530 million; and raw water, mining, land rents and others, RM299 million) and non-tax revenue of RM3.89 billion (comprising cash compensation in lieu of oil and gas rights, RM1.58 billion; interest income, RM 1billion; dividend income, RM755 million and land premium, RM300 million; cash compensation in lieu of import and excise duties on petroleum products, RM120 million; licences, service fees, permits and rentals, RM133 million).
Non-revenue receipt is expected to be RM12 million mainly from forest liquidated damages and disposal of assets while federal grants and reimbursements is expected to be RM150 million.
Out of the RM5.78 billion, RM2.48 billion is for operating expenditure and a sum of RM3.3 billion is proposed to be appropriated for statutory funds, to finance development programmes and projects.
For operating expenditure of RM2.48 billion, RM772 million is allocated for personnel emoluments; RM860 million, supplies and services; RM802 million, grants and fixed payments, including operating grants to statutory bodies and local authorities, servicing of public debts and payments of gratuities, pensions and scholarships; RM37 million for procurement of assets; and RM10 million for other operating expenses. — DayakDaily