Malaysia

RM5.138 bil for Sabah Budget 2023, highest in state history  

State’s financial condition looks promising next year boosted by economic recovery

Updated 1 year ago · Published on 25 Nov 2022 5:58PM

RM5.138 bil for Sabah Budget 2023, highest in state history  
Sabah has tabled a RM5.138 billion budget for next year, reflecting an expected surplus of RM130.47 million and a projected revenue collection of RM5.258 billion. – Wikipedia pic, November 25, 2022

by Rebecca Chong

KOTA KINABALU – The state today tabled a RM5.138 billion budget for next year, the highest in the history of Sabah since independence.  

The budget reflects an expected surplus of RM130.47 million and a projected revenue collection of RM5.258 billion.  

When tabling the Sabah Budget 2023 at the state assembly here, Sabah Chief Minister cum Finance Minister Datuk Seri Hajiji Noor said the financial condition of the state looked promising next year, encouraged by the economic recovery, especially in tourism, exports, and domestic consumerism sectors.  

He said several high-impact investments will also contribute to Sabah’s economy which is projected to grow about 4% and 5% in 2022 and 2023.  

Hajiji said Sabah’s Balance of Trade has increased by 77% from RM13.3 billion in 2021 and RM23.5 billion in 2022. The overall export from Sabah has also increased by 54% from RM32.8 billion last year to RM50.4 billion this year.  

The proposed budget is themed “Strengthening the Economy for People’s Prosperity”.  

“It is the highest budget in Sabah’s history. We hope that it will be able to help spur more development in Sabah,” he said.  

Hajiji proposed RM788.94 million for development expenditure.  

He said although the national Budget 2023 has not been debated and approved, the state government is required to project an estimation of RM604.67 million to ensure the continuation of current projects funded by the federal government next year. 

The economic sector remains the biggest recipient of development allocation which amounted to RM515.81 million (65.3%), followed by the social sector amounting to RM254.93 million or (32.4%), as well as the general administration sector at RM18.2 million (2.3%) of the total development allocation for the year 2023. 

Sabah’s strategies and approaches to accelerate development will focus on the productive growth sectors which are agriculture, industrial, and tourism – and the budget proposed is RM808.06 million for the development of those three sectors next year.  

Meanwhile, speaker Datuk Kadzim Yahya said the state assembly will convene on Monday despite it having been declared a holiday by newly-appointed Prime Minister Datuk Seri Anwar Ibrahim.

He said debates and resolutions for the budget and projected revenue must be made in accordance with the assembly regulations.  

“The chief minister has proposed that the assembly sitting on November 28 be continued although the date has been declared as a public holiday by the prime minister,” said Kadzim.

Anti-hopping bill after budget is cleared

Meanwhile, Hajiji said that the state is not ready to table the anti-hopping bill yet, and will do so after the budget is settled.

Sabah’s politicians have been pushing for the state constitution to be amended to forbid people’s representatives from leaving their political parties. 

Sabah Deputy Chief Minister Datuk Seri Jeffrey Kitingan yesterday told The Vibes that the anti-hopping bill will be tabled, but after the budget is passed. 

“Our focus now is the budget,” he said. – The Vibes, November 25, 2022

Related News

Malaysia / 20h

No need for Sabah to ‘copy’ Sarawak, Bung Moktar skewers GRS leaders

Malaysia / 1w

Video shows orangutan raiding cafe fridge for drinks in Sabah

Malaysia / 1w

Sarawak deputy minister says nothing achieved yet on push to increase state’s MPs

Malaysia / 1w

Perikatan to participate in coming Sabah polls

Malaysia / 1w

Debate swirls over proper term to describe indigenous people of Sabah

Malaysia / 1w

Bridge between Sabah, Labuan vital to revitalise island’s economy, says expert

Spotlight

Malaysia

Travel agencies misusing tourist, umrah visas for haj will lose licence, warns govt

By Stephen Then

Malaysia

Authorities bust human trafficking syndicate, arrest 8 Bangladeshis

Malaysia

RTD mulls going undercover to nab those renting cars to foreigners without driving licence

Malaysia

Remembering Karpal, his legacy

Malaysia

Go hard on those wanting to cause chaos, Anwar tells police

Malaysia

Economy grows 4.2% in first quarter

You may be interested

Malaysia

Long term effects of Account 3 withdrawals could be severe, says NGO

Malaysia

Police identify 20 Jemaah Islamiyah members in Johor

By Alfian Z.M. Tahir

Malaysia

No need for Sabah to ‘copy’ Sarawak, Bung Moktar skewers GRS leaders

By Jason Santos

Malaysia

Ulu Tiram police station attacker, family were reclusive, say villagers

Malaysia

Ulu Tiram cop killer not linked to terrorist group, says IGP

Malaysia

Authorities bust human trafficking syndicate, arrest 8 Bangladeshis

Malaysia

Travel agencies misusing tourist, umrah visas for haj will lose licence, warns govt

By Stephen Then

Malaysia

Tomorrow's planes may fly on hydrogen produced in Sarawak, Abg Jo tells energy summit

By Desmond Davidson