RM6.6bil for Sabah, RM5.8bil for Sarawak

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Efforts to uphold the consensus reached by previous leaders in the Malaysia Agreement 1963 (MA63) will continue under the unity government with an allocation totalling RM12.4 billion set aside for Sabah and Sarawak under the Malaysia Madani Budget 2024.

Prime Minister Datuk Seri Anwar Ibrahim when tabling the national budget at the Dewan Rakyat said RM6.6 billion was allocated to Sabah and RM5.8 billion to Sarawak next year, an increase from RM6.5 billion and RM5.6 billion respectively from this year’s budget.“In the spirit of MA63, the Federal Government has also delegated the power to approve development projects below RM50 million to technical agencies in both states to enhance the effectiveness of these projects,” he said.

SPONSORED CONTENT Daily Express members: Enjoy 1 for 1 signature cocktails and more at Hyatt Centric Kota Kinabalu Kota Kinabalu: DAILY EXPRESS is partnering with Hyatt Centric Kota Kinabalu to offer an exclusive deal for our members. Read more The last review of the grants for Sabah and Sarawak was carried out in 1968 and 2022, respectively.

“Although the regulatory power is transferred to the Sabah Government, the Federal Government will continue to support the State Government in strengthening the electricity industry in Sabah by providing subsidies to Sabah Electricity Sdn Bhd until the SESB Transformation Plan is successfully implemented by 2030,” he said. Daily Express Malaysia

 

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