KOTA KINABALU: Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor described the National 2027 Budget as a comprehensive budget that alleviates the people’s financial burden and reflects the strength of the country’s economy.
“I see this budget as benefiting all Malaysians through tax reductions and incentives for civil servants, businesses and all segments of society.
“It demonstrates the strength of our country’s economy and financial position, despite the impact of the ongoing crisis in West Asia,” he said after watching the live broadcast of the tabling of the National 2027 Budget at Menara Kinabalu today.
Prime Minister Datuk Seri Anwar Ibrahim who is also Finance Minister in tabling the Budget said Sabah continues to be the biggest recipient of the Federal allocation with RM18.6 billion for next year.
This marked an increase of 6.25 per cent compared to RM17.6 billion for this year.
In addition, Anwar said road projects in Sabah and Sarawak would continue with an allocation of RM3.3 billion under the 2027 Budget.
The Prime Minister also announced that the government had agreed to double the number of Public Service Department (JPA) scholarships offered to students from Sabah and Sarawak.
“This means that 4,200 students from Sabah and Sarawak will have the opportunity to pursue higher education at universities each year,” he said.
On boosting power supply system, he said the government has also agreed to install Static Synchronous Compensator (STATCOM) systems at the Dam Road and Segaliud Main Intake Substations at a cost of RM204 million.
“Meanwhile, the Southern Link Transmission Line project will proceed as a long-term measure to ensure the sustainability of electricity supply in Sabah,” he said.
Also watching the live telecast were Deputy Chief Minister Datuk Seri Panglima Masidi Manjun, State Secretary Datuk Zainudin Aman, assistant ministers and senior state government officers.-pr/BNN
