SHAH ALAM, 24 Feb: Selangor’s financial status, as of January 2014, recorded a continued increase compared to 2009, when the Consolidated Fund until 31st January 2014 acquired RM 2,872 million.
The amount is after taking into account the Consolidated Revenue Account of RM 1, 073 million and the Consolidated Trust Account of RM 1,798 million.
This was announced by the Chief Minister, Tan Sri Abdul Khalid Ibrahim, during the monthly meeting organised by the State Treasury (PNS).
Abdul Khalid also added that the actual revenue in 2013 showed an increase of RM 195 million or 9.98%; making the actual revenue collected to be RM 2,149 million compared to RM1, 954 million in 2012.
He said the increase in revenue was due to higher land premiums charged based on current market value as well as the implementation of a nominal premium payment method of RM 1,000 or receive 30% discount if paid within six months.
“Spending in 2013 recorded at 94%, equivalent to RM 2, 240 million compared with an estimated budget of RM 2, 392 million.
“The major increase in expenditure is due to the acquisition of the Kumpulan Hartanah Selangor Berhad (KHSB) by Kumpulan Darul Ehsan Berhad (KDEB) in mid-2013.
“However, KDEB is expected to begin repayment this year,” he said in his speech at the monthly meeting.
Also present were State Financial Officer, Datuk Nordin Solomon; State Assembly Speaker, Hannah Yeoh and State Secretary, Datuk Khusrin Munawi.
For 2014, Abdul Khalid expects the state economic momentum to not deviate much from the Gross Domestic Product (GDP) growth forecast of 6.1%.
“To increase the GDP, the State Government wants to adopt strict fiscal discipline to ensure the financial management is done with prudence, integrity and ‘value for money’,” he said.
As such, Abdul Khalid urged the civil servants to adopt a thrifty attitude in accordance with the instructions in the circular, Pekeliling Belanja Berhemat, that was issued.
“Within the next two years, the state finance will begin to account directly for all assets that can be monitored.
“So far, the State Government has successfully collected thousands of acres of government-owned land which previously were unknown that they belong to the state,” he said.
