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 3 years 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 / 1d

Johor PRN: Onn Hafiz likely to be BN 'poster boy'

Malaysia / 3d

Sabah embarks on five-year initiative to document multiethnic heritage - Hajiji

Malaysia / 4d

Anwar - Sabah's special grant interim payment increased from RM600m to RM1.5b

Malaysia / 5d

Anwar to clarify Sabah 40 pct entitlement talks tomorrow

Malaysia / 6d

Sabah: GRS confident government will agree to review revenue entitlement rate 

Malaysia / 1w

Main Sandakan-Lahad Datu road in Sukau collapses, thousands of users affected

Spotlight

Malaysia

Former head of a ministry's corporate communications unit acquitted of bribery charge

Malaysia

Two sisters die trapped in Johor house fire as escape routes cut off by flames

Malaysia

NS election speculation intensifies as Aminuddin granted audience with state ruler

Malaysia

Teenager who drove recklessly, causing death remanded for further investigation

Malaysia

Police looking for trio involved in violent armed robbery in Penang (video)

Malaysia

Family of five killed as car crashes into water pipe in Serian

Malaysia

'I was once spat on by a pakcik' — Marina denies fear of contesting Malay-majority seats

Malaysia

Jewellery shop among six premises destroyed in fire (video)

You may be interested

Malaysia

Sarawak seeks China collaboration to fix growing doctor shortage

By Alfian Z.M. Tahir

Malaysia

Pahang police logistics chief killed in motorcycle crash on Genting road

Malaysia

Govt sees relief in lower US tariff proposal as exporters brace for competitive pressures

Malaysia

‘What wrong did I do?’ – asks PKR MP after loss of MyKhas access

Malaysia

Chinese national identified as organiser of drug-fuelled party raided in KL hotel

Malaysia

Johor PRN: Onn Hafiz likely to be BN 'poster boy'

Malaysia

Woman pleads guilty to causing death of newborn daughter

Malaysia

Police confirm mystery of Jaslinda's disappearance has no criminal element