KOTA KINABALU: Sabah unveiled a RM3.3bil budget for 2010 – focusing on eradication of poverty, conservation and people-centred infrastructure development projects.
Chief Minister Datuk Musa Aman, in unveiling the budget at the state assembly yesterday, said the budget was “seriously committed” to carrying out development and to bring about progress to Sabah and its people.
He said the overall thrust of the budget was to strengthen state finances, improve the public sector delivery system and productivity and enhance development and infrastructure, as well as improve rural development programmes.
In tabling the deficit budget, the Chief Minister said the budget proposed to spend RM3,304.38mil in 2010 although they expected a lower revenue of RM3,127.65mil for 2010.
He said the state’s forestry revenue would drop below RM100mil for the first time in 37 years but expected a revenue of RM962.48mil from state sales taxes on oil palm, among others.
Rroyalty from petroleum was estimated to be around RM724mil, he added.
The state was also expecting RM544mil from proceeds of the issuance of Sabah bonds.
“The deficit is not a problem. Most years, my budget has always been in the deficit and we have not had problems in meeting our commitments,” Musa, who is state Finance Minister told reporters later.
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