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Sarawak To Spend RM5.97 Billion For Development In 2016 Budget:Adenan Satem

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KUCHING: The Sarawak government is tabling RM5.97 billion or about 74 per cent of its 2016 Budget for the state’s development and RM2.07 billion or 26 per cent for operating expenditure.

Chief Minister Tan Sri Adenan Satem, when tabling the budget, said the Sarawak 2016 budget is development and rural based in an efforts to achieve a greater and more balanced development for the state.

In pursuing the continued objective of narrowing the development gap between urban and rural areas, he said, the state was providing a higher allocation, amounting to RM2.65 billion, for rural development.

“This is higher compared to the RM2.35 billion set aside last year or the RM2.19 billion in 2014.

“This is in line with our commitment to give greater focus on programmes and projects for rural areas to further accelerate rural transformation. This is also to open up more opportunities to benefit our rural communities,” he added.

Meanwhile, on its 2016 revenue prospect, Adenan said it was estimated at RM5.55 billion, with RM544 million from forest royalty and premium.

He said another RM440 million would be from sales tax, which included RM320 million from crude palm oil and crude palm kernel oil and RM120 million from lottery.

A revenue of RM255 million was expected from raw water and mining royalties, land rents and others, he added.

For the non-tax revenue, he said, some RM4.11 billion would be generated.

He said they included RM1.58 billion from cash compensation in lieu of oil and gas rights, RM1.04 billion from dividend income, RM934 million from interest income and RM300 million from land premium.

“Non-revenue receipt is expected at RM11 million, mainly from liquidated damages, disposal of vehicles and recovery of overpayments, while federal grants and reimbursements are expected at RM190 million,” he added.

–BERNAMA

 

 

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