ISKANDAR PUTERI: Johor recorded another surplus budget of RM3.43mil for 2019 – for the ninth consecutive year.
Mentri Besar Datuk Osman Sapian said the estimated revenue for next year is RM1.552bil, an increase of 3.2% compared to revenue collection in 2018.
He said RM1.549bil would be allocated for expenditure in 2019, an increase of RM46.15mil.
“This makes it a surplus budget of RM3.43mil for next year,” Osman said when tabling the state budget at the state assembly in Kota Iskandar here.
He attributed the surplus to effective state fiscal policies along with prudent spending, integrity and effective management of sustainable resources.
Osman also said the Federal Government had agreed to write off Johor’s bad debts amounting to RM189mil, from the total figure of RM334mil.
“We are finalising negotiations to write off the remaining bad debts of RM145mil and we are committed to ensure Johor remains debt-free in the coming years,’’ he said.
Osman said the state government had decided to rebrand the Johor State Investment Centre (JSIC) set up in 2014, to Invest Johor to further strengthen Johor as the leading investment destination in the country.
He said Invest Johor would focus on attracting high technology investments from potential companies including those from China, Japan, France, Singapore, South Korea and the United States.
“I am happy to announce that foreign investors have invested about RM8bil in Johor next year as this will bring economic benefits to the state and the people,’’ said Osman.