Sarawak CM says no reason big budget will lead state to bankruptcy | Malay Mail

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Sarawak CM says no reason big budget will lead state to bankruptcy

Sarawak Chief Minister Datuk Patinggi Abang Johari Openg today asserted that Sarawak will not go bankrupt because his administration has excellent financial management and diverse sources of revenue. — Picture by Sulok Tawie

“We have income from dividends from investments, oil and gas royalty and sales tax on petroleum and petroleum products,”quoted him as saying at the joint Gawai Dayak and Hari Raya gathering and the launch of Gabungan Parti Sarawak Zone 10 at Panjang Kalang longhouse, Bayan Ulu, near here. He said the state is expected to receive about RM3.84 billion in revenue from sales tax on petroleum and petroleum products this year.

Separately in Kota Samarahan today, Parti Pesaka Bumiputra Bersatu vice-president Datuk Abdul Karim Rahman Hamzah lashed out at Lim for making such a statement when he holds the position as the federal finance minister.

 

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