Selangor Journal: 2021 Selangor Budget allocates total expenditure of RM2.323 bln
SHAH ALAM, Oct 30 — The Selangor government has allocated a total expenditure of RM2.323 billion for the Belanjawan Selangor 2021 (2021 Selangor Budget), which comprises of five main strategies.
The strategies include Selangor Digitalisation Agenda; Peaceful Selangor, Prosperous Ummah; Driving Value Creation and Developing Human Resource; Strengthen Sustainable Environment, Resources, and Food Security and Supply Chain; Revitalising Economic Recovery and Development of Industries.
Menteri Besar Dato’ Seri Amirudin Shari said 53 per cent of the budget or RM1.22 billion was allocated for operating expenditure, while development expenditure was allocated RM1.103 billion or 47 per cent of the total amount.
Out of the total amount allocated on operating expenditure, he said RM439.96 million is for emoluments, RM520.43 million is for services and supplies, RM4.80 million for asset purchases, RM203.51 million for grants and fixed payments, and RM51.30 million for miscellaneous expenses.
The budget also sees an estimated deficit of RM123 million, which is RM10 million less than the RM133 million deficit in last year’s budget.
“The state government has successfully reduced the deficit in the last three budgets to a reasonable amount through prudent spending efforts, efficient work culture and integrity, which is in line with the state administration’s fiscal policy.
“The deficit was due to significant and substantive allocation to fulfil the need for sustainable development,” he said when tabling the state 2020 budget, themed “Shaping New Reality: Empowering Economic Dignity the Foundation for People’s Resilience”, at the Selangor Legislative Assembly, here today.
Amirudin said for 2021, the projected revenue is RM2.2 billion comprising land revenue of RM1.03 billion or 46.98 per cent, property tax of RM545.84 million (24.81 per cent) and allocation from the Federal government of RM206.85 million (9.4 per cent).
“Despite facing the current economic challenges, the state government maintains its strong and resilient financial momentum based on analysis as well as comprehensive forecasts that take into account the improvements and benefits that are brought to the three main elements which include, the people, the business community, and the state economic growth,” he said.