SHAH ALAM: The Selangor government is in a healthy financial position, recording reserves totalling RM2.38 billion in the first six months of the year, the state assembly was told today.
Mentri Besar Amirudin Shari said this was through the receipts of the Consolidated Revenue Account, Consolidated Trust Account and Consolidated Loan Account.
“However on June 30, 2019, the balance of the state government’s Consolidated Fund saw a decrease of 16.3%, or RM467 million, namely from RM2.84 billion to RM2.38 billion - when compared to the same period in 2018.
“The state government’s reserve balance as of Dec 31, 2018, was RM2.1 billion,“ he said during the assembly sitting.
Amirudin (PKR-Sungai Tua) was responding to questions from Elizabeth Wong (PKR-Bukit Lanjan) and Datuk Dr Ahmad Yunus Hairi (PAS-Sijangkang) on the state government’s latest financial performance.
“As of December 2019, the state government has projected management expenditure and development expenditure totalling RM2.64 billion and a revenue target of RM2.2 billion, with the deficit defrayed through the Consolidated Revenue Account. — Bernama
