KUALA LUMPUR, Oct 30 — The Selangor state government today announced a budget of RM2.32 billion for the year 2021.
This year’s Budget will see operations spending of RM1.2 billion or 53 per cent of the overall budget while RM 1.1 billion or 47 per cent of the total budget, spent on development.
The budget for 2021 is closely similar to the state government’s budget for 2020, which was totalled at RM2.33 billion.
In his speech today, Selangor Mentri Besar Amirudin Shari said the state also succeeded in reducing the state deficit of RM123 million for 2021, a smaller deficit compared to the estimated deficit of RM133 million for 2020.
He said this was due to the government expecting to receive revenue of RM2.2 billion for next year.
Amirudin further explained that the state government is keeping close watch on its finances, having reduced management budget for all of the state’s departments.
“As a result of the gradual implementation from 2017 to 2020, the operational budget has recorded a savings of RM276.06 million cumulatively from 2017 to 2020. The cost-cutting method is seen to be effective in raising awareness on the importance of prudent spending,’’ he said.
For the development budget, RM337.3 million or 30.6 per cent will be spent on building infrastructure, while RM279.7 million will be spent on economic development and RM 299.9 million will be spent on social development.
Amirudin also stated that the state has spent some RM400 million for its own economic stimulus package under the Selangor Prihatin initiative to help its citizen cushion the economic impact of Covid-19.
