SHAH ALAM: Selangor Mentri Besar Datuk Seri Amirudin Shari has tabled a RM2.45bil budget for the state for next year.
Selangor Budget 2023 will have a deficit of RM450mil, which is larger than last year's deficit of RM293mil.
Out of this amount, RM1.25bil or 51% will go towards administrative expenses and RM1.2bil or 49 % will be allocated for development.
In tabling the budget at the state assembly sitting here Friday (Nov 25), Amirudin said the increased deficit was in preparation for disasters due to climate change as well as for substantive planned development to meet the state's needs.
He added that although the state's past five budgets had been deficit budgets, the state government had always succeeded in reducing the deficit to a reasonable amount through expense control instruments and sound financial management principles.
MORE TO COME
