/// East Malaysia Property News
CM Tables RM4.622 Billion Budget
expenditures for the coming year
is increased by RM648.66 million
or 59.62% compared with the
estimated recurrent expenditures of
RM1,087.93 million for year 2013.
Sabah’s Chief Minister tabling his
budget
Chief Minister Datuk Seri Musa
Aman tabled a deficit 2014 State
Budget of RM4.622 billion, which
is RM534 million more than the
estimated provision in 2013.
Describing the deficit budget as
the ‘best gift ever for the people of
Sabah’, Aman said, “From the 2014
supply allocation of RM4,621.5
million, I propose a distribution of
RM702.51 million for emoluments,
RM1,736.59 million for recurrent
expenditures and RM2,182.4 million
for special expenditures.”
Emolument has increased by
RM39.34 million or 5.93% compared
to the total of RM663.17 million in
2013 due to salary adjustments
for State civil servants under the
Malaysian Remuneration System
which was implemented in 2013.
And, to ensure that the
government’s machinery run
smoothly at maximum capacity,
effective and efficient in the effort
to improve the government’s
delivery system for our beloved
people, the estimated recurrent
He stressed that the people’s wellbeing and state’s prosperity are the
main agendas for them to always
strive for, which he believes, are
certainly achievable.
The increase in the allocation is also
due to repayment of Government
bonds maturing in 2014 amounting
to RM568.9 million and repayment
of Federal Government debts
amounting to RM171 million. Special
Expenditure shows a decrease
of RM154.98 million or 6.63%
compared to RM2,337.38 million for
2013.
“Blessed with strength and
determination, Sabah Barisan
Nasional Government is always able
to perform with excellence and is
highly capable to contribute and
serve the people continuously.
This year, the government made
numerous equity investments in
government agencies and hence
the reduction in 2014. Nonetheless,
the state government will ensure
that our development agenda
and investment will continue to
be intensified specifically on high
impact projects that can further
spur the state economic growth.
Aman also said that with the
biggest expenditure recorded in
the financial history of the State
budget. It will boost the economy
of Sabah and enable it to grow to
a higher scale and thus achieve a
high income economy within a short
span of time.
The Finance Minister is also
confident that people from all walks
of life, regardless of religion, race,
gender, rich or poor, old or young,
physically fit or those who are
physically challenged, wherever they
may be on land or sea, will benefit
from the just unveiled State Budget
2014.
“With a projected revenue of
RM4.583 billion for the year 2014,
which is the highest estimate in the
history of State budget preparation,
the 2014 Supply Expenditure, which
is also the biggest budget in the
State financial history, is estimated
at RM4.622 billion, in order to
meet the people’s expectations, to
continue our development agenda
and most importantly to fulfill our
promises.
“This shows that within a span of 50
years, the estimated revenue has
increased remarkably by 74.52 times
and the estimated expenses by
75.77 times. Words kept, promises
fulfilled, this is why the Barisan
Nasional should continue to hold
the reins of the State Government,”
said Musa.
In order to accelerate the State’s
economic growth momentum, Aman
said, the 2014 Budget will focus on
the six objectives and strategies,
namely, to strengthen the state
financial position; to improve basic
infrastructure and public amenities;
to expedite the achievement of
Halatuju; to develop youth and
human capital of high value and
quality; to eradicate poverty and
improve the quality of life of the
people; and to achieve balanced
regional development.
He said the Budget theme ‘Ensuring
Continuity of the People’s Well-being’
was aptly chosen as it reflected
the government’s continuous
commitment and sincerity towards
the people of the state.
“Sabah played a major role in the
formation of Malaysia since 50 years
ago. During those five decades, the
people of Sabah have gone through
various experiences, through thick
and thin in politics, economy, social,
and education, to mention some.
“Nevertheless, we are thankful that
despite all these challenges, Sabah
still continues to march forward
and carves her own success story.
For the next five decades and
many more years to come, the BN
Government has already laid a
strong foundation in ensuring that
Sabah will continue to flourish.”
“Our aim is for the well-being of the
people and the State’s prosperity,
not merely for our own personal
interests, but for our future
generations as well.
“I appeal to all parties, including
the opposition, to work, and put
our heads and minds together to
embark on a transformation that
will ensure continuity of the people’s
well-being and the State’s prosperity
for the sake of Sabah. Together, we
can do it,” he said.
Exciting Activities for Kids to Be Held at the 2014 PH Expo in Kota Kinabalu!
The 2014 Property Hunter Expo
scheduled in Kota Kinabalu on 7
to 9 March will be a family affair
for all the enjoy! While parents
explore the different booths for
investment opportunities, children
can participate in a drawing and
colouring competition which is
sponsored by Logistics Company,
ABX Express Sdn Bhd for the third
year running during Property Hunter
Expo. The contest will be held on 8
March (Saturday) from 2:00pm to
4:30pm, pre-registration is essential.
38
www.PropertyHunter.com.my
Contestants will be divided into
three groups namely, Group A:
age 4 to 6 years old, Group B: age
7 to 9 years old, and Group C: age
10 to 12 years old. ABX Express
will be sponsoring five prizes for
each category: first prize worth RM
300, second prize worth RM200,
third prize worth RM 100, f