ISKANDAR PUTERI: The Johor government has tabled a surplus budget of RM3.43mil for 2019 - the state’s surplus budget for the ninth year running.
Mentri Besar Datuk Osman Sapian said the estimated revenue for next year is RM1.552bil, an increase of 3.2% compared with 2018.
He said RM1.549bil would be allocated for expenditure in 2019, recording an increase of RM46.15mil.
“This means, the Johor budget for next year is a surplus budget of RM3.43mil,” Osman said when tabling the state budget at the state assembly in Kota Iskandar here on Thursday (Nov 29).
He attributed the surplus to effective state fiscal policies, along with prudent spending, integrity and effective management of sustainable resources.
Osman also told the assembly that 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 God wiling, we are committed to have Johor free off debts 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 the state as the leading investment destination in the country.
He said that Invest Johor would focus in attracting high technology investments from potential companies, including those from China, Japan, France, Singapore, South Korea and the United States.
“I’m glad to announce that we are able to convince foreign investors to invest some RM8bil in Johor next year, and this will bring economic benefits to the state and the people,’’ said Osman.
He said the economic growth in 2018 is projected to be from 5% to 5.2%, which is higher than the national figure.
“For 2019, the projected growth rate is around 5% to 5.5%,” added Osman.