Selangor tables RM2.34 bil budget for next year

LocalBusiness & Finance
26 Nov 2021 • 10:10 PM MYT
The Vibes
The Vibes

Featuring breaking news & latest stories from every side.

image is not available
Selangor tables RM2.34 bil budget for next year

SHAH ALAM – The Selangor government today tabled a RM2.34 billion state budget for next year, of which a RM1.22 billion or 52% allocation is for administrative expenses, while the remaining RM1.12 billion is for development expenditure.

Menteri Besar Datuk Seri Amirudin Shari said there will be a budget deficit of RM293 million based on the state’s projected revenue of RM2.05 billion and total estimated expenditure of RM2.34 billion.

“The deficit is larger than this year’s as we want to provide a substantive developmental allocation to strengthen the post-Covid-19 pandemic economic drive and develop a state that can withstand the test of time in various aspects,” he said.

Amirudin said Selangor Budget 2022 comprises five core areas – driving high-impact economic growth and increasing delivery efficiency; developing a caring society and social well-being; strengthening Selangor’s public health agenda; ensuring a green environment and sustainable development; and optimising smart technology and digitalisation.

Amirudin said of the RM1.22 billion administrative expenses, RM446.73 million is for emoluments, RM530.81 million for services and supplies, RM11.79 million for asset purchases, RM191.14 million for grants and fixed payments, and RM39.53 million for miscellaneous expenses.

As for the proposed development expenditure, he said RM351.78 million is for infrastructure development, RM301.57 million for social development, and RM292.28 million for economic development.

On efforts to drive high-impact economic growth, Amirudin said Selangor will start construction of the Selangor Worker Housing Complexes through Selangor Economic Development Corporation (PKNS) to uphold industry workers’ rights by providing accommodation that is conducive, systematic, well-managed, and safe – especially in terms of health aspects such as ventilation.

He said 58.67ha – 23.87ha of state government land and 34.8ha of PKNS land – has been identified to be developed as worker housing complexes that are expected to house about 60,000 individuals.

Among the locations identified are USJ 1 Industrial Park, Subang Jaya (1.21ha); Pulau Indah Industrial Park, Klang (4.04ha); Kg Baru Balakong Industrial Park, Hulu Langat (0.8ha); and Taman Velox, Rawang (2.02ha).

Apart from this, he noted the Klang River sustainable development – the Selangor Maritime Gateway (SMG) project that will start next year – is one of the projects with high economic impact, whereby 242.8ha has been identified along 56km of the river to be developed over the next eight to 10 years.

“For next year, (SMG master developer) Landasan Lumayan Sdn Bhd through its associate firm Landasan Lumayan Berjaya Sdn Bhd will launch the development of 2,000 affordable housing units and 1,400 other types of units with a gross development value of RM1 billion,” he said.

By 2030, Amirudin said, there will be 26,000 housing units completed along the Klang River – half of which will be affordable units. – Bernama, November 26, 2021