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Kelantan expects deficit to increase to RM165.31 million

Kelantanhttps State Minister Datuk Ahmad Yacob, who presented the budget under the theme “Kelantan Maju Rakyat Sejahtera”, said the total deficit has increased by RM74.81 million compared to this year’s budget of RM90.49 million.

“Although the state government’s budget has a deficit every year, the state government has recorded a surplus in actual expenditure for five consecutive years.
“The state government’s financial performance is also expected to remain excellent and resilient,” he said while presenting the budget at the Kelantan State Legislative Assembly in Kota Damronem today.

Ahmad said the 2023 budget would allocate RM1.62 billion to develop the economy in an inclusive manner, involving all segments of the society, targeting six core principles of strong and sustainable finance, caring for the people, welfare, a prosperous economy, tourism promotion and human capital development.

“The 2023 budget has been increased by RM112.53 million (7.45%) compared to the 2022 budget which was allocated only RM1.51 billion.

The government proposes this budget to allocate RM1.15 billion for operating expenditure and RM474.61 million for development expenditure.
To ensure that the state’s finances remain strong and sustainable, it is estimated that the state government will be able to collect a total revenue of RM983.14 million.

Ahmad elaborated that revenue from government agencies remains the largest contributor at RM390.7 million (39.74%), followed by fixed land revenue of RM356.28 million (36.24%) and other revenue totaling RM91. 7 million (9.33%).

Meanwhile, Ahmad said the state’s gross domestic product (GDP) in 2021 would be RM25.8 billion, up 2.4 percent, compared to minus 1.2 percent in 2020, at RM25.2 billion.

The parliamentary session will resume on Sunday

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