Sarawak’s 2024 revenue collection projected to breach RM16b mark, says Abang Jo

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Sarawak Revenue News

Abang Johari Openg

KUCHING, May 18 — Sarawak Premier Tan Sri Abang Johari Openg today said the state’s revenue collection this year is projected to breach the RM16 billion mark, surpassing the...

Sarawak Premier Tan Abang Johari Openg chats with some of the Sarawak students studying in the peninsula, after a townhall session at Universiti Malaya, in Kuala Lumpur May 18, 2024. — Picture by Sarawak Public Communications UnitKUCHING, May 18 — Sarawak Premier Tan Sri Abang Johari Openg today said the state’s revenue collection this year is projected to breach the RM16 billion mark, surpassing the RM13.78 billion collected last year.

He said the projection does not take into account the revenue that will come from carbon trading and Petros as the sole gas aggregator in Sarawak.“Based on a simple arithmetic, on the economic assumption that we collect an average of RM4 billion for every three months for the rest of this year, we will get a total of RM16 billion or even more,” he said during a townhall session at Universiti Malaya with Sarawak university students studying in peninsula Malaysia.

However, he said the increase will depend on how fast Sarawakians can introduce new ways of doing things and embrace technological innovations based on data that change the whole value chain. “What I am saying is that we have to widen our revenue base which are within our rights under the Malaysia Agreement 1963 and Inter-Governmental Committee Report,” the premier said.The premier said the state government, in collaboration with Universiti Malaya, is headhunting for a professor to fill the vacant post at the Aerospace Faculty to be set up at the state-owned I-CATS University College.

Abang Johari Openg

 

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