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No need to revise the budget, Selangor’s economy strong

SHAH ALAM, 21 Jan: There is no need for the state government to revise the Selangor Budget 2015 as it is adequate for development and management expenses.

Sekinchan Assemblyman, Ng Suee Lim, said that Selangor’s revenues are not affected because it does not depend on proceeds from the sale of crude oil.

He said that he is also confident that proceeds from tax collection and other income is sufficient to realise the budget which was announced last November.

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“There is no need for us to follow in the footsteps of the federal government because our situation and theirs (federal government) are totally different.

“The federal government depends on over 30 percent of crude oil sales, while we do not. There is no oil in Selangor,” he told Selangor Kini.

Yesterday, the federal government announced the adjustment strategy for the Budget 2015 following the drop in global crude oil prices.

Meanwhile, the Hulu Kelang Assemblyman, Saari Sungib, said that the state government’s move of having more development provisions can propel the state’s economic activities.

“When there is development, the flow of money and the economy will also go on, thus benefiting the people.

“I believe that everything implemented is done with integrity, without leakages and so on, therefore Selangor’s economy will not be affected and go on in a stable manner,” he said.

Prior to this, the state government presented the highest budget in the history of Selangor with provisions amounting to RM2.42 billion.

From this amount, RM1.29 billion (53.19 percent) was allocated for management expenditure, while RM1.13 billion (46.81 percent) is for development expenditure.

NS


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