Salleh: S'wak has RM27bil in reserves
Published on: Tuesday, May 03, 2016
Kuala Lumpur: If success is measured in financials, then Sarawak has proven itself although the state does not shout about it like opposition led-states, Penang and Selangor.Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak said what was seldom talked about was that Sarawak had reserves of RM27 billion and when Tan Sri Adenan Satem took over as chief minister in 2014, he announced a surplus budget.Writing in his blog 'sskeruak.blogspot.my' Monday and quoting several news reports, Salleh made comparisons between Sarawak, Penang and Selangor in terms of state budget.
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He noted that in November 2015, the DAP-led Penang state government announced a deficit budget for the fifth year running and Chief Minister Lim Guan Eng said the deficit would, however, be covered by the state's accumulated savings of RM880 million.The PKR-led Selangor state government, on the other hand, announced reserves of roughly RM3.5 billion and this they said, was proof that they were a capable government because the latest figures were a slight improvement from what it used to be pre-2008 before they took over the state, Salleh said.He said Selangor, however, in November last year announced the largest deficit in the state's history, almost RM2.9 billion.Salleh said the main income for both Penang and Selangor were derived from the sale of land, land premiums and property taxes.
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