SEREMBAN: The Negeri Sembilan government today presented the 2023 Budget with the theme of Fulfilling the Promise of Carrying Hope which provides nine areas with 64 initiatives to help the people.
Negeri Sembilan’s 2023 budget is a deficit budget of RM100 million, a deficit budget for the third year in a row presented since Budget 2021.
Menteri Besar, Datuk Seri Aminuddin Harun said, operating expenditure next year is as much as RM550 million compared to the estimated revenue of RM450 million while the allocation for development expenditure is as much as RM130 million.
“Although it is the third year of budget presentation in deficit, it was made in a targeted manner and is still within the capacity of the state’s cash reserves.
“This deficit budget is also one of the state government’s interventions in stimulating the domestic economy based on the developed Input-Output model.
“The results of the study found that in general, every 1.0 percent increase in the operating expenditure ratio tends to generate 1.3 percent of the state’s GDP,” he said when presenting the 2023 Negeri Sembilan Budget at the Fourth Conference (Budget), Fifth Term of the Negeri Sembilan State Legislative Assembly (DUN) 14 here.
According to him, tax revenue is expected to contribute as much as RM159.84 million or 35.52 percent next year while non-tax revenue is expected to contribute as much as RM227.96 million or 50.66 percent.
“Non-revenue receipts are expected to be received as much as RM62.20 million ringgit or 13.82 percent.
“Non-tax revenue continues to be a major contributor through various land revenues, investment interest, raw water charges, permits and forestry premiums.
“The determination of this revenue estimate is carefully and realistically projected after taking into account various economic indicators such as the number of applications for Planning Permission at the Local Authority (PBT) and the expansion of revenue,” he said.
Meanwhile, Aminuddin said the 2022 Negeri Sembilan Budget will be implemented by focusing on nine focus areas.
The focus areas are Food Supply Assurance, People’s Economy, Education, Welfare, Community Empowerment, Youth and Women, Spirituality and Religion, Customs and Tourism and Administration.
“Various financial assistance, cash grants, non-financial incentives and support assistance have been planned by the state government for the benefit of the people.
“I am happy to announce that 64 initiatives involving an allocation of RM107 million will be implemented in the 2023 Budget for the state. A total of 42 existing initiatives will be maintained or improved and 22 new initiatives will be introduced,” he added.
Aminuddin meanwhile also announced the granting of Special Financial Assistance (BKK) of one month and a half salary or a minimum of RM2,500 to a total of 5,599 civil servants in this state.-UTUSAN.
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