SARAWAK is reinforcing its fiscal strategy to shield the state from escalating global economic uncertainties driven by geopolitical conflicts, climate change, rising living costs, and disruptions to global supply chains.
Premier Tan Sri Abang Johari Tun Openg said the state government is taking a proactive and visionary approach to maintain robust financial health and ensure continued economic resilience.
“A sustainable future cannot be built on unsustainable finances. Every ringgit spent must have an impact on the people,” he said during his keynote address at the 2025 Public Accountants Conference.
He emphasised that Sarawak no longer relies solely on conventional development models. Instead, it now adopts a balanced growth strategy that prioritises economic expansion, resource sustainability and technological innovation.
Among the core initiatives underpinning this transformation are the digitalisation of financial governance, the establishment of a sovereign wealth fund, and the diversification of revenue streams — including investments in the hydrogen industry and carbon credit markets.
“These measures not only help safeguard long-term financial sustainability, but also position Sarawak as a forward-thinking economy equipped to meet global challenges,” he added.
The Premier also underscored the importance of continuous investment in local talent, ensuring that the state's economic transformation is driven by a highly skilled and competitive workforce.
To support this, the government is upgrading its delivery systems by leveraging digital tools, including real-time budget monitoring and faster project approval processes.
“These efforts will not only minimise leakages but also enhance investor confidence in Sarawak’s economic landscape,” he noted.
“What we are doing is to ensure the people of Sarawak continue to benefit from inclusive, stable and sustainable development.” - August 6, 2025
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