Like that also can??

Sabah unveils RM3.3bil budget for 2010

By MUGUNTAN VANAR

KOTA KINABALU: Sabah unveiled an RM3.3bil budget for 2010 with a thrust towards eradication of poverty, conservation and people-centric infrastructure development projects.
Chief Minister Datuk Musa Aman in unveiling the budget at the state assembly Friday said that the budget was seriously committed to carrying out development and to bringing about progress to the State as well as to the people at large.
He said the overall thrust of the budget was to strengthen state finances, improve public sector delivery system and productivity, enhancing development and infrastructures as basic amenities and human capital development and improve rural development programmes to ensure quality of life and poverty eradication.
In tabling the deficit budget, he said that the budget proposed to spend RM3,304.38mil in 2010 though they expected a lower revenue of RM3,127.65mil for 2010.
He said the state revenue would see a drop to below RM100mil from forestry for the first time in 37 years but expected a revenue of RM962.48mil from state sales taxes on oil palm and lotteries among others while royalties from petroleum was estimated to be around RM724mil.
The state was also expecting RM544mil from proceeds of the issuance of Sabah bonds for its revenue among other sources of revenue including land premiums.

“The deficit is not a problem, most years my budget has always been in the deficit and it has not been problem in meeting our commitments,” Musa, who is state Finance Minister, later told reporters.

He said the government would spend RM1,109.83bill for new and continuation projects in the state followed by RM264mil.78 for social projects and RM79.49mil for general administration sector.
He said an allocation of RM248.42mil for human resource development including skills and spiritual training that would produce a knowledgeable, competitive and innovative generation.
Musa said that the state government would strive to establish two more sustainable forest units in Ulu Segama-Malua and Tangkulap-Pinagah reserves.
He said sum of RM83.14mil is allocated to Forestry Department in year 2010 for sustainable forestry management and conservation programmes.
The state government was also allocating a sum of RM524.25mil in the 2010 budget to boost the agriculture sector development that included fisheries, livestock and irrigation.
The state budget also allocated a special payment of RM500 for civil servants while also putting stress on the further development of tourism in the state.


well, the sentence which I italiced is really astonishing...saying that deficit is not a big problem.?!!
I say.....deficit is a big problem and that's why Sabah is keep falling behind others states and it is called one of the poorest state in Malaysia!!! What an unwise management in finance.....Timmy...go and drag Musa Aman down.....