the sun malaysia ipaper logo 150x150
Sunday, June 28, 2026
31.6 C
Kuala Lumpur
the sun malaysia ipaper logo 150x150

Terengganu tables RM60 million surplus budget for 2026

Terengganu’s RM1.998 billion 2026 budget focuses on social welfare and economic growth, with a RM60 million surplus and major development allocations.

KUALA TERENGGANU: The Terengganu state government has tabled a surplus budget of RM60 million for 2026 with total revenue estimated at RM1.998 billion.

Menteri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar presented the “Driving Potential, Boosting Performance” themed budget at the State Legislative Assembly sitting.

The budget allocates RM1.938 billion for operating expenditure, including RM450 million for development projects.

“The state government aims to generate total revenue of RM1.998 billion, resulting in a projected surplus of RM60 million,” he said.

The social sector receives the largest development expenditure share at RM323.80 million, representing 72% of total allocation.

The economic sector gets RM92.84 million, a significant increase to 20.6% from 4.4% in the 2025 budget.

Administrative functions are allocated RM33.37 million, accounting for 7.4% of development spending.

As of October 31, the state generated RM261.61 million in revenue, achieving 93% of its annual estimate.

This represents RM16.62 million more than the same period last year.

Expenditure during this period stood at RM1.416 billion, allowing the state to avoid fiscal deficit while maintaining services.

Government priorities focus on enhancing governance, strengthening economic resilience, and sustaining social needs.

Economic growth initiatives will emphasise high-value investments, industrialisation, and halal industry development.

Other measures include streamlining land lease applications and upgrading industrial areas.

Food security efforts will focus on increasing agricultural production and developing food value chains.

High-impact programmes under the Terengganu Agricultural Strategic Plan 2024-2030 address sustainable resource management.

These initiatives aim to make agriculture productive, climate-resilient, and economically contributive.

The government also plans awareness campaigns against civil and Syariah offences.

Key programmes include the Indahnya Hidup Bersyariat Carnival and mental health initiatives for students.

Authorities will draft enactments addressing online Syariah offences to enable legal enforcement.

The Terengganu State Syariah Compliance Committee will strengthen monitoring and compliance across agencies. – Bernama

STAY AHEAD OF THE CURVE

Join our community for instant updates and exclusive content.

Join Telegram Channel

Related


spot_img

Latest News

BN blends experience and new faces for Johor polls

Barisan Nasional’s mix of veteran leaders and fresh candidates for the Johor state election is the best formula for governing complex challenges, says Mohamed Khaled.

Bank of China (Hong Kong) x Television Broadcasts Limited (“TVB”) “Wealth Management Expo 2026”...

HONG KONG SAR - Media OutReach Newswire - 27 June 2026 - The "Wealth Management Expo 2026", powered by Bank of China (Hong Kong) ("BOCHK") and organised by TVB under the theme of "Empowering Enterprises to Go Global, Pioneering the Blue Ocean of Silver Economy", was successfully held today.

Vinmec Launches Vietnam’s First Integrated High-Tech Robotic Surgery Network, Establishing the Country’s First Multi-Connected...

HANOI, VIETNAM - Media OutReach Newswire – 27 June 2026 - Vinmec Healthcare System today officially launched its nationwide network of High-Tech Robotic Surgery Centers, marking a major milestone in the advancement of surgical innovation in Vietnam.

Most Viewed

spot_img
WC26

World Cup 2026

Updates, Fixtures, Results & Standings