NEWS

Up to the Federal govt to extend PSP to Sarawak - Abang Johari



MIRI, Oct 12  – The Sarawak government will leave it to the Federal government to decide whether to extend the targeted Fuel Subsidy Programme (PSP) to the state.

Sarawak Chief Minister Datuk Patinggi Abang Johari Tun Openg said with the financial constraints facing the Federal government, the state government would rather let the Federal Government decide when is the best time PSP should be implemented in Sarawak.

“It is up to them to decide, “ he told reporters after attending an investiture ceremony in conjunction with the Yang Dipertua Negeri Tun Abdul Taib Mahmud's 83rd birthday held at a local hotel today.

When tabling the Budget 2020 yesterday,  Finance Minister Lim Guan Eng said that if the Sabah and Sarawak governments want to be part of PSP, the Federal Government will accept their request.

Lim said PSP would only be implemented in Peninsular Malaysia but motorists in Sabah and Sarawak will continue to enjoy a ceiling price of subsidised petrol at RM2.08 for RON95 and RM2.18 for diesel.

Commenting further on the Budget 2020, Abang Johari said the RM4.4 billion development expenditure for next year from the Federal Government will spur the state’s growth.

“We welcome the budget though it is not as expected but definitely it is something to move our economy forward,” he said.

He hoped that the allocation of RM735 million for dilapidated schools in Sarawak, Sabah and Peninsular Malaysia were enough for 2020.

“I expect more since education is quite critical now in terms of infrastructure. Overall (the budget) is okay,” he added.

Sarawak state secretary Datuk Amar Jaul Samion led the list of 29 award recipients today when he was conferred the award of Datuk Amar Bintang Kenyalang (DA) which carries the title Datuk Amar.

-- 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



© 2024 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