SELANGOR’S revenue collection is expected to surpass the RM1.6bil mark by this month, keeping the state on track to hit its RM2.8bil revenue target for the year.
Mentri Besar Datuk Seri Amirudin Shari said the state government currently holds a comfortable surplus of RM300mil over its current expenditures.
"Our financial position is quite healthy, although not as robust as last year.
"We are still confident we can achieve the RM2.8bil targeted revenue," Amirudin said during a press conference at the Selangor State Secretariat Building in Shah Alam.
The press conference was held to announce the implementation of the RM131mil Selangor Resilience Strengthening Package (PPDTS) Phase 1, an initiative aimed at mitigating global inflation and supply shocks triggered by the war in the Middle East.
Amirudin added that the state was actively maximising revenue streams through land realisation strategies, converting land for industrialisation and new investments.
On the timeline for the anticipated RM100 monthly cash aid under the "Kita Selangor" voucher initiative, Amirudin announced that disbursals would begin at the end of June.
"We will review the vetted list from June 22 to 23 to formally inform the successful recipients.
"Our core target is for users to be able to start making their RM100 essential purchases by June 30," he said.
The financial aid will run continuously over a six-month period until November or December.
As part of the broader food security framework under the PPDTS, Amirudin said the allocation for the Jualan Ehsan Rahmah (JER) affordable food dynamic tours had been doubled from RM5mil to RM10mil.
He added that the financial injection would increase the frequency of the mobile markets to twice a month across all 56 state constituencies (DUN).
"This guarantees that within a month, there will be two affordable sales events run out of local community service centres or coordinator offices, allowing us to phase out less efficient coordinator channels," Amirudin explained, adding that the state planned to set up a static Ehsan Mart in every state constituency within the next two to three years.
The state government conceptualised the package two months ago following discussions that began on April 1 with socioeconomic, geopolitical, industrial and energy experts.
Amirudin said the RM131mil initial allocation spans seven main programmes, with the majority slated to commence this month.
He added that the timing took into account Malaysia's unique context, noting that Federal Government buffering strategies had successfully insulated the public from the worst of the global crisis.
