Johor announces surplus budget
> With reserve fund at its highest, state prepares RM1.303m for next year
ISKANDAR PUTERI: The Johor state government yesterday announced a surplus state budget for next year, the seventh in a row since 2011.
Tabling the state budget at the Johor state assembly yesterday, Johor Mentri Besar Datuk Mohamed Khaled Nordin ( pix) said: “The Budget 2017 is a surplus budget of RM1.303 million for next year.”
He said the State Reserve Fund now stood at RM3.43 billion, the highest record in Johor history.
Giving details, he said, the state government managed to collect until Nov 16 a total of RM1.369 billion with performance levels reaching 96% of the estimated revenue of RM1.425 billion. He also disclosed that the state revenue collection for next year was expected to reach RM1.609 billion, an increase of 12.86% from the revenue estimated in Budget 2016. “We expect an estimated economic growth rate of between 4.5% to 5.5% next year, higher than the national economic growth rate of 4% to 4.5%,” said Mohamed Khaled.
He said Johor was on the right track to becoming the southern economic powerhouse.
Giving a breakdown of the Budget 2017, Mohamed Khaled said RM907.67 million is for management expenditure which include emolument (RM479.22 million ), service and supply (RM244.61 million), department assets buying (RM20 million), and other expenditures (RM4.94 million).
Johor has also allocated RM763.3 million for development expenditure – the highest in the state’s history.
Mohamed Khaled also announced that 11,000 state civil servants will get half month salary as bonus.
“We would not have achieved our success without the civil servants. The bonus is our gesture of appreciation. I hope they will continue the hard work and strive for better excellence and productivity.”
The 56 state assemblymen will also enjoy the bonus allocation irrespective of the party they belong to.