Sabah Chief Minister and state Finance Minister Datuk Seri Mohd Shafie Apdal (pic) said when presenting the budget themed "Intensifying Development for the People’s Well-Being" that the estimated revenue collection for 2020 is RM4.19bil, creating a surplus of RM48.55mil.
The 2019 revenue collection was estimated at RM4.26 mill, he said at the state assembly on Friday (Nov 15).
“This surplus budget shows that the state government’s financial position remains healthy and stable.
“The petroleum royalty is expected to remain the highest contributor in 2020's total revenue estimates, which accounts for 40.55% with a projected collection of RM1.7bil.
“This is based on the royalty payment received from Petronas in 2019 amounting to RM1.7bil, which is the highest amount received in the history of Sabah,” added Shafie.
State sales tax on crude palm oil (CPO) remains the second highest contributor to state revenue next year at 19.68%, bringing in an expected RM825mil.
The revenue estimates on state sales tax on lottery tickets in 2020 are expected to remain the same as 2019’s estimates of RM60mil.
However, proceeds from state sales tax on slot machines will drop drastically to RM1.5mil next year following the state’s policy to curb gambling through slot machines, from the 2019 (revised) collection of
Mohd Shafie announced that the state government will not only increase the special allocation for elected assemblyman from RM1mil to RM1.1 mil, but also introduced RM300,000 allocation for each nominated assemblymen for Touchpoint programmes, which has never been provided before.
He also announced a RM500 special payment for all state civil servants, to be paid in January next year, in line with the announcement with the Federal Government.
“To sum up, the state government of the day has done its level best to fulfil its manifesto which covers wide range of areas to enhance the well being of Sabahans.
“Taking into account the lower revenue projection for next year, the state government has drafted the budget for the year 2020 with care and caution, and will continue to emphasise prudent spending to avoid wastage,” he added.
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