RM5.1 billion surplus budget for next year | Daily Express Online - Sabah's Leading News Portal

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THE State Government has proposed a RM5.138 billion budget for 2023 with a surplus of RM130.47 million – the ninth consecutive surplus budget for Sabah since 2015. The preceding year’s budget was RM4.6 billion.

.Chief Minister Datuk Seri Hajiji Noor, who is also the Finance Minister, said it is Sabah’s highest budget since independence with a focus on strengthening the economy and progress for the State and people. Sabah, he said, is on the right track towards economic recovery with a recorded positive growth rate of 1.1 per cent in 2021 compared to a 9.2 per cent contraction in 2020. “The Gross Domestic Product of Sabah has increased to RM78.7 billion in 2021 from RM77.

“Therefore, in line with the current global and national economic development, Sabah is predicted to maintain a positive economic growth in 2022 and 2023 respectively at a rate of 4 to 5 per cent.” Themed “Strengthening the Economy for People’s Prosperity”, Hajiji said it is in line with the State’s economic growth based on Sabah Maju Jaya Development Plan.

 

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