Dato’ Seri Amirudin Shari has announced a total of RM2.53 billion in allocations for the 2024 Selangor Budget.
The key areas include driving quality investments and generating high income; promoting smart education and ensuring a sustainable environment; safeguarding the welfare of the people, and fostering unity within the community.
During the tabling of the state budget at the Selangor State Legislative Assembly today, Amirudin said 52.6 percent of the budget, or RM1.33 billion, has been set aside for the operating expenditure, while the remaining 47.4 percent, or RM1.2 billion, will be used for the development expenditure.
Of the total sum allocated for operational expenditure, RM480.24 million will be set aside for emoluments, RM601.57 million for services and supplies, asset purchases (RM22.9 million), grants and fixed payments (RM210.56 million), and miscellaneous expenses (RM14.71 million).
As for development expenditure, RM359.17 million (29.9 percent) will be allotted for the social sector, RM357.10 million for infrastructure, RM296.13 million for economic development, and RM187.6 million for health, education, and rural development.
2024’s estimated revenue is RM2.2 billion, of which RM890.94 million or 40.5 percent will be from land premium, RM622.65 million (28.3 percent) from property tax, and RM212.96 million (9.7 percent) from the Federal government’s allocation.
“The figure is projected based on the previous track record, where a total of RM2 billion was successfully collected in August 2022 and September 2023,” Amirudin said.
Amirudin said the 2024 Selangor Budget sees an RM330 million estimated deficit this time, RM120 million less than the RM450 million deficit in last year’s budget.
“Although we have seen deficit budgets for the previous six budgets, the state government will take measures to reduce the deficit to a reasonable level through expenditure control mechanisms and good financial governance practices without compromising spending output and impact,” he said.
