Budget 2023: State govts to receive RM150mil to preserve biodiversity, protect forests

KUALA LUMPUR: State governments will receive RM150mil under the Ecological Fiscal Transfer for Biodiversity Conservation (EFT) this year compared to RM70mil last year to preserve biodiversity, carry out forest management and reduce state government's dependence on timber products.

Prime Minister Datuk Seri Anwar Ibrahim when tabling Budget 2023 in the Dewan Rakyat on Friday (Feb 24) said the EFT distribution to the states will take into account the gazetting of new protected areas including tiger habitats and intensify efforts to replant trees in degraded areas as the government is determined to protect the country’s natural resources to ensure a better future for all.