Malaysia

Johor approves RM1.73 bil budget for 2023

Allocation to see surplus of RM2.44 million, the first in three years after pandemic-linked deficits

Updated 3 years ago · Published on 11 Dec 2022 4:40PM

Johor approves RM1.73 bil budget for 2023
Johor Menteri Besar Datuk Onn Hafiz Ghazi says fiscal controls would need to be tightened to ensure that the state’s reserves are in good order. – Bernama pic, December 11, 2022

ISKANDAR PUTERI – The Johor assembly has approved a RM1.73 billion budget for next year.

The state budget, which would have a surplus of RM2.44 million, was debated for seven days at the 56-member assembly.

Johor Menteri Besar Datuk Onn Hafiz Ghazi, in his winding-up speech at the assembly, noted that this would be the first surplus budget in three years after deficit budgets in the last two years due to the pandemic.

“For 2023, we take into consideration the uncertainties in the economy and markets to ensure that all initiatives can be implemented so that any adverse impact can be minimised,” he said.

Onn Hafiz, the assemblyman for Machap, added that fiscal controls would need to be tightened to ensure that the state’s reserves are in good order.

He said the state budget was formulated after getting feedback from all stakeholders to ensure that the Maju Johor 2030 agenda can be realised. – Bernama, December 11, 2022

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