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The Terengganu state Government on Sunday unveiled a balanced budget for 2009 despite the global economic turmoil.
Deputy Prime Minister Datuk Seri Najib Tun Razak will announce Barisan Nasional's candidate for the Kuala Terengganu parliamentary by-election when he visits the state next week.
Datuk Seri Najib Tun Razak said on Saturday the government has agreed in principle to the proposal by the Terengganu government to set up the Terengganu Investment Authority (TIA) with an initial fund of RM10 billion.