Perak Government Presents Record-Breaking Budget for 2025

Key Highlights

The Perak government has presented its 2025 budget, which involves an allocation of RM1.52 billion, the highest budget in the state’s history. The budget has been divided into operating expenditure and development allocation, with a focus on five main areas: public well-being, governance of projects with state interest, human capital and youth development, environmental sustainability, and food security.

Operating Expenditure

The operating expenditure component of the budget amounts to RM981.8 million, which includes:

* RM472.73 million for emoluments (salaries and wages)
* RM350.1 million for services and supplies
* RM16.35 million for asset purchases
* RM136.42 million for grants and fixed scheduled payments
* RM6.2 million for other expenses

Development Expenditure

The development expenditure has been increased by 9.6% from the last budget to meet the people’s development and welfare needs. The allocation for development expenditure is RM538 million, the highest amount the state government has ever allocated.

Main Focus Areas

The budget has been designed to focus on five main areas:

* Public well-being: RM628.65 million has been allocated for public well-being, which includes healthcare, education, and social welfare initiatives.
* Governance of projects with state interest: RM150 million has been allocated for projects that benefit the state and its people.
* Human capital and youth development: RM100 million has been allocated for human capital development and youth initiatives.
* Environmental sustainability: RM50 million has been allocated for environmental sustainability initiatives.
* Food security: RM20 million has been allocated for food security initiatives.

Financial Projections

The state government’s financial statement for the year ending December 31, 2025 is projected to have a deficit of RM81.8 million.

Conclusion

The Perak government’s 2025 budget is a significant step towards meeting the people’s development and welfare needs. The increased allocation for development expenditure and focus on key areas such as public well-being, governance, and environmental sustainability demonstrate the government’s commitment to the state’s growth and development.

Frequently Asked Questions

Q: What is the total allocation for the 2025 budget?
A: The total allocation for the 2025 budget is RM1.52 billion.

Q: What is the breakdown of the operating expenditure component of the budget?
A: The operating expenditure component of the budget includes RM472.73 million for emoluments, RM350.1 million for services and supplies, RM16.35 million for asset purchases, RM136.42 million for grants and fixed scheduled payments, and RM6.2 million for other expenses.

Q: What is the focus of the development expenditure component of the budget?
A: The development expenditure component of the budget focuses on five main areas: public well-being, governance of projects with state interest, human capital and youth development, environmental sustainability, and food security.

Q: What is the projected deficit for the state government’s financial statement for the year ending December 31, 2025?
A: The projected deficit for the state government’s financial statement for the year ending December 31, 2025 is RM81.8 million.