SHAH ALAM, 2 Apr: The savings reserves has increased by RM300 million, bringing the total to RM3.5 billion in three months on March 24, 2015.
The Chief Minister, Mohamed Azmin Ali, said that as of March 31, 2015, the total revenue is 36 percent from the target total set at 30.6 percent during the same period last year.
He said that the state government recorded the highest revenue collected from the target collected in the first three months of this year compared to the same period in 2014.
“The collection of state revenue as of April 1 is RM809 million, 41 percent from the target total revenue collection of RM1.9 billion.
“The balance of the Selangor government consolidated fund in 2014 increased by 10.11 percent, from RM2.9 billion in 2013 to RM3.2 billion for 2014,” he said, answering a question from Datuk Johan Abdul Aziz (BN-Semenyih) during the State Assembly session.
He said that the effort to strengthen the state government’s financial position was contributed by continuous effort to increase revenue in addition to public expenditure that stresses on the principles of transparency, accountability and competency in all matters.
“Expenses charged for the total consolidated fund in in accordance with the laws of the State Council.
“However, the state’s financial reserves that consist of cash and investments from the consolidated fund cannot be spent as part of the trust account used is based on the trust Act and laws,” he said.
In the meantime, Mohamed Azmin stressed that the state government will also not increase payments for the assessment, land and business tax this year.
NS
