KUCHING, MAY 26: Sarawak has garnered RM3.108 billion of the estimated revenue of RM10.036 billion mainly contributed by nine major sources.
This translates to 31 percent of the estimated revenue in the first quarter of 2022.
Deputy Premier, Datuk Amar Douglas Uggah Embas the nine sources are state sales tax (RM1.248 billion), compensation of oil and gas rights (RM876 million), dividend (RM634 million), raw water royalty (RM109 million), forestry receipts (RM66 million), interest and investment return (RM57 million), land premium (RM39 million), federal grants and reimbursement (RM19 million) and other sources such as mining royalties, water sales and land rents (RM60 million)
On the state Ordinary Expenditure, Uggah said it was revised upwards from RM10.646 billion to RM10.706 billion.
“This is an increase of RM60.064 million or 0.01 percent for year 2022 to cater for additional grant to twenty-three (23) Local Authorities for Bantuan Khas Sarawakku Sayang initiatives (BKSS 8.0) which is extended to June this year.
“As of the first quarter, a sum of RM2.577 billion of Ordinary Expenditure or 24 percent has been expended, said Uggah in his winding-up speech during the State Legislative Assembly (DUN) sitting.
Uggah who is also the Second Minister for Finance and New Economy said the state has spent RM1.632 billion or 22 percent of the approved development expenditure.
The expenditure is expected to increase as the development continues to pick up as the country enters the endemic phase. – TVS
