NEWS

S'wak won't go bankrupt in three years - Abang Jo

Bernama

Published

Sarawak Chief Minister Abang Johari Openg today shrugged off inferences that the state would go bankrupt in three years.

He said the presumptions were made without considering the earnings that Sarawak derived from various sources such as oil and gas, besides its outstanding performance in financial administration.

"We have income from dividends, royalties, premiums and taxes. This year I will implement a five per cent tax on oil and gas exports which will earn Sarawak RM3 billion," he said.

Sarawak, he pointed out, had rights to the state's oil and gas resources.

He said this at a Gawai celebration and launch of Zone 10 Gabungan Parti Sarawak (GPS) at Rumah Panjang Kalang, Ulu Bayan Ulu, Jalan Mukah-Selangau near Mukah.

According to Abang Johari, the state's income in 2018 was RM7 billion.

Finance Minister Lim Guan Eng said at a dinner organised by Sarawak DAP in Kuching last night that Sarawak might go bankrupt in three years.

He said Sarawak's reserves of RM30 billion would exhaust in three years on the state's annual budget of RM11 billion.

The minister said Sarawak would suffer the same fate as Kelantan, which he claimed could not even pay the salaries of their civil servants due to a weak administration. - Bernama

Share this story

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.