The Selangor state revenue enjoyed a total collection of RM2.429bil as of Nov 13 this year.
While tabling the Selangor Budget 2025 at the State Legislative Assembly on Friday (Nov 15), Mentri Besar Datuk Seri Amirudin Shari said this amounted to 110.43% of the estimated annual state revenue of RM2.2bil for 2024.
Amirudin also said the Selangor government has successfully paid off its debt to the Federal Government, taken for the Water Supply Project and the Amanah Saham Selangor Scheme, amounting to RM19.2mil and RM1.89mil, respectively.
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While tabling the Selangor Budget 2025 at the State Legislative Assembly on Friday (Nov 15), Mentri Besar Datuk Seri Amirudin Shari said this amounted to 110.43% of the estimated annual state revenue of RM2.2bil for 2024.
Amirudin also said the Selangor government has successfully paid off its debt to the Federal Government, taken for the Water Supply Project and the Amanah Saham Selangor Scheme, amounting to RM19.2mil and RM1.89mil, respectively.
Read more at https://tinyurl.com/znczcrb2
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
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NewsTranscript
00:00Until 13 November 2024, the country's GDP has reached 2.429 billion ringgit,
00:10equivalent to 110.43% of the 2024 budget, which is 2.2 billion ringgit.
00:20From that amount, the revenue has reached 704.95 million or 94.52%.
00:29The non-interest rate is 1.497 million or 1.4 billion ringgit,
00:41equivalent to 122.21%.
00:46The non-revenue received is 226.65 million or 99.14%.
00:55Among the main contributors to the country's revenue in 2024
00:59is the land premium of 1.08 billion ringgit,
01:04equivalent to 48% of our total budget.
01:09The second largest contributor is the land tax,
01:12which is 592.65 million or 27%.
01:17The third largest contributor is the allocation of land,
01:21which is 209.2 million or 10%.
01:28Last year, the government has taken steps to diversify the revenue
01:34and manage debt more responsibly than previous administrations.
01:39Alhamdulillah, as promised last year,
01:42the liability of state debt to the federal government
01:46which involves the last installment of the Water Supply Project and the Selangor Trust Scheme,
01:51which still amounts to Rp19,207,475.78,
01:59and Rp1,893,379.47,
02:06has been fully compensated.
02:09This is the administration's commitment
02:11to not only design, but also implement the goals that have been planned.