The Malacca Government today tabled the State Budget 2017 totaling RM348.78 million with the State revenue estimated to be about RM349 million, recording a surplus budget for 13 consecutive years.
Chief Minister Datuk Seri Idris Haron said the budget had increased compared to last year's which amounted to RM327.08 million, with the budget tabled today comprising a management expense of RM339.31 million and a liability expenditure of RM9.47 million.
"The surplus budget showed that the state government continued to take steps to strengthen its financial resources through revenue collection and prudent spending," he said in his speech when tabling the budget at the Malacca State Assembly sitting in Ayer Keroh here.
He said RM105.64 million of the management expenditure had been allocated for emolument payments for permanent officers; RM144.62 million for services and supplies; RM3.5 million for asset procurement; and RM42.86 million for the State Development Fund.
Idris said RM24.4 million would also be allocated for salary payments to agencies and subsidiaries, contributions to associations and non-governmental organisations like women's groups, security forces, veterans and others.
"In line with the budget's theme of Ensuring Unity and Economic Growth, Inclusive Prudent Spending, Well-being of the Rakyat, the government has increased the development budget to RM60 million compared to RM55 million in 2016 for development projects," he said.
He said the state revenue next year included RM136.6 million from taxes, RM154.2 million in non-tax revenue and RM58 million non-tax revenue.
"Revenue collection is expected to increase by RM21.7 million or 6.6 percent more compared to 2016. The fact that revenue exceeds expenditure, the state government is tabling a surplus budget," he said.
He added that the budget was focused on increasing efforts to meet the needs of the people and strengthen the state economy based on four main strategies.
These strategies were improving the standard of living of the people, encouraging the state tourism sector, Malacca as a pioneer state for green development and empowering integrity in government administration, he said. -- Bernama
Bernama
Mon Oct 24 2016
Idris says the budget is focused on increasing efforts to meet the needs of the people and strengthen the state economy based on four main strategies. - BERNAMApic/Files
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Economic outlook: Govt plans to leverage, expand existing city transit system
The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.