DBKL allocates almost RM3bil budget for 2019

"The policy makers have expressed interest to make Malaysia a hub for Islamic finance and to a certain extent it's very difficult to do that if everything is denominated in the local currency," he said. "That segment is something that I feel like Malaysia could play a role in, in trying to attract Chinese companies. But to really be able to (do that), it has to be not just (fundraising) in Malaysia but internationally," Mohieddine Kronfol said. (Filepic shows main business district in Kuala Lumpur)

KUALA LUMPUR (Bernama): Kuala Lumpur City Hall (DBKL) is allocating RM2.896bil for Budget 2019 to realise plannings and projects to enhance the comfort and security of 1.79 million city folks.

Kuala Lumpur mayor Datuk Nor Hisham Ahmad Dahlan said the budget themed "Prosperous Kuala Lumpur, Hopes of People' is allocating RM1.694bil or 58.5% as operating expenditure with RM1.202bil (41.5%) for development.

According to him, DBKL Budget 2019 sees a 3.7% fall or RM65.5mil in operating allocation compared to RM1.759bil last year while the development allocation rose 4.9% or RM56.04mil compared to RM1.146bil for 2018.

"To boost the mobility of city residents, DBKL is allocating RM20mil to operate the free GO-KL bus service which would be have its routes extended with more buses for the people.

"Apart from that, RM800,000 has been allocated for various aid for the homeless," he said when tabling DBKL Budget 2019 here Thursday (Dec 27).

Nor Hisham said RM692.01mil has been allocated for the management and development roads and drainage in Kuala Lumpur.

To meet the needs of the low-income residents, DBKL is providing RM262.17mil to manage more than 73,000 units of houses in 33 People's Housing Projects and 32 Public Housing schemes around Kuala Lumpur. From the total, RM142mil was provided to repair and maint ain houses involving public works, electrical and mechanical repairs, lifts and cleansing contract to ensure the comfort of the people.

Nor Hisham said the estimated revenue in 2019 is expected to fall to RM2.465bil compared to RM2.667bil in 2018, a fall of 7.5%.

"Assessment collection is expected to reach RM1.029bil, which the main revenue earner for DBKL contributing 49% of the entire DBKL earning.

"DBKL is also not proposing to raise assessment rates for properties in the federal territory of Kuala Lumpur and it will also maintain the 20% incentive on assessment for disabled people," he said. – Bernama

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