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Showing posts with label Sabah Budget. Show all posts
Showing posts with label Sabah Budget. Show all posts

2012 Budget hollow, could be RM20b To RM36b, not RM4b: Dr. Jeffrey Kitingan

Borneo Heritage Foundation
Lot 23, 3rd Flr., Block D,
Damai Commercial Centre, Luyang,
88300 Kota Kinabalu, Sabah.
Tel/Fax: 088-282108    
Email:  secretariat.bhf@gmail.com
The exhortation of the 2012 State Budget rings hollow and the accolades by BN leaders and supporters are presumptuous and sometimes border on the “angkat ampu” type.  Datuk Dr. Jeffrey Kitingan, the founder of the United Borneo Front (UBF) explained that while the 2012 State Budget of a record RM4.048 Billion may be the biggest in the history of the State, it needs to be seen in the perspective of a loss of some RM32 Billion of revenue “lost” to the Federal Government which could translate into a State Budget of RM36 Billion and even assuming a 50:50 revenue sharing formula with the Federal Government, the State Budget would still be at least RM20 Billion instead of RM4.0 Billion as presented by the Chief Minister last Friday.

Sabah announces record 2012 budget of RM4bil

Where does the allocation go?
The Sabah state government has allocated RM4.048 billion for its 2012 state budget, an increase by RM979.62 million compared with the estimated provision for 2011.

Chief Minister Musa Aman, who is also state Finance Minister, said the estimated expenses of 2012 will cover three main components, namely emolument(RM623.66 million), recurring expenses (RM1.120 bilion) and special expenditure (RM2.303 bilion).


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