Malaysiakini
NEWS

Harapan's budget offers 20pct royalty to oil producing states

Published
Modified 26 Oct 2017, 3:05 am

Pakatan Harapan, in its Alternative Budget 2018, said it will offer 20 percent royalty to oil-producing states Kelantan, Terengganu, Sabah and Sarawak.

However, the coalition also indicated that it may scale back federal allocation with the increased oil royalty to the states.

"Pakatan Harapan agrees in principle to increase the royalty rate to 20 percent.

"However, we are mindful that we also have to ensure the fiscal budget and Petronas are not irreparably damaged by such an arrangement.

"Accordingly, these oil-producing state governments are expected to take on more budgetary expenditure...

Share this story

Comments

By posting a comment, you agree to our Terms & Conditions as stipulated in full here

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.