Selangor has surpassed its projected revenue target of RM2 billion for the year, over four months ahead of schedule, said Menteri Besar Dato’ Seri Amirudin Shari.
He said the state government successfully amassed the amount earlier this month, and is expecting a total annual revenue of up to RM2.5 billion.
“We anticipate revenue of between RM2.3 billion and RM2.4 billion, provided more investments flow in within the year. The figures could even escalate to RM2.5 billion.
“However, if the revenue is linked to land, there’s a prescribed process that must be adhered to before such revenue is realised over a specific timeframe,’’ he said at a press conference following his address to civil servants at the state administration building here today, following his reappointment to office.
In 2022, Selangor contributed to 25.5 percent of the national economy, up from 23.7 percent in 2018, when Amirudin first took office.
“For manufacturing in Selangor, its contribution stands at roughly 30 percent. It’s not necessarily shrinking, but stagnating.
“Compared with Penang, which has seen a growth in manufacturing due to its designed ecosystem, especially in the electrical and electronic products sectors, Selangor’s strength during the Covid-19 (pandemic) was its services sector.
“This sector effectively cushioned the impact felt by the manufacturing sector during the pandemic,” Amirudin said.
