NEWS

Four main pillars in Terengganu's Budget 2020



KUALA TERENGGANU, Oct 7 -- Four cores will be the main pillars in the planning of the Terengganu State Budget 2020 which will be tabled on November 24th.

Menteri Besar Dr Ahmad Samsuri Mokhtar said the four pillars were to strengthen and dignify Islam, spur the economic growth of the people, sustaining a prosperous life and develop human capital.

He said the four pillars were also used as a framework in providing more comprehensive budget and symbolising the commitment of the government to the development and welfare of the people.

"We are working on the 2020 Budget and it will be tabled at the State Assembly sitting on November 24 - 28.

"We expect to receive a Special Fund from the federal government of RM1.28 billion this year and it will be included in the state budget for the purpose of development and the welfare of the people," he said after the launching of the Kolej Kemahiran Yayasan Terengganu here today.

In another development, Ahmad Samsuri said he welcomed the Shared Prosperity Vision 2030 (SPV 2030) which became the framework for the country's direction for the period 2021 to 2030.

He said the 10 goals or agenda contained in SPV 2030 were seen to provide a fairer growth for each state and spur a higher economic growth for the country.

To strengthen cooperation, he also planned to communicate with Putrajaya to ensure that the government aspirations were achieved.

The 10 targets included closing the development gap between the northern, east coast and central regions and Sabah and Sarawak; reduce the gap between high and low income groups with a Gini coefficient of 0.234 and low income (B40) group income of more than RM5,800 a month.

-- BERNAMA 





OTHER NEWS

Budget 2022: Impact on fixed income market almost negligible, says Manulife

KUALA LUMPUR, Nov 12 -- The impact from Budget 2022 on the fixed income market is almost negligible, given that there were no major surprises in terms of the country’s debt financing requirement and fiscal position, said Manulife Investment Management (Manulife).


Govt needs to look for other ways to increase revenue beyond Budget 2022 taxes - Expert

KUALA LUMPUR, Nov 11 -- Budget 2022 tax initiatives may not contribute significantly to government revenue and there is a need to look for other ways to increase it for the sustainable economic growth of the country, according to a tax expert.


Budget 2021 formulated based on valid data - MoF

KUALA LUMPUR, Dec 16 -- Budget 2021 was formulated based on reports presented by relevant bodies whose data could be determined to be valid, the Ministry of Finance (MoF) said.


HIGHLIGHTS


EXCLUSIVE


ECONOMIC REPORT

Budget 2021: MoT to provide incentives to lighten people’s burden - Wee 

KUALA LUMPUR, Nov 19 -- The Ministry of Transport which receives RM6.05 billion allocation under Budget 2021, will be providing various incentives to benefit the people.


2021 Budget : MAFI, private sector must co-operate to optimise Budget 2021

KUALA LUMPUR, Nov 16  -- The Ministry of Agriculture and Food Industries (MAFI) and the private sector must escalate co-operation to optimise the allocation in the 2021 Budget to MAFI so that ...

Budget 2021 described as inclusive for all in tourism sector

KUALA LUMPUR, Nov 9 -- The inclusive Budget 2021 touching on the involvement of various parties contributing to the economic chain related to the tourism sector is seen capable of revital...



BNC LIVE


BUDGET SPEECH



© 2025 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution