Selangor Journal

Selangor reserves up to RM3.18 billion

SHAH ALAM, JUNE 13: The State’s reserves recorded a positive increase to RM3.18 billion up until last June 8, compared to RM3.05 billion last December 31, 2016.
Dato’ Menteri Besar, Dato’ Seri Mohamed Azmin Ali said the state managed to collect RM1.15 billion revenue or 45.09 percent from the RM2.55 billion projection in the 2017 Budget.
He said, administration expenses are RM691.87 million or 41.93 percent from RM1.65 billion projected for this year.
“The Malaysian Institute of Economic Research (MIER) supported this in a report saying that among the strength of Selangor is its stability and unity in administration, resilience and far-sightedness as well as its people-first policy.
“I take this opportunity to thank all civil servants who are the pillar behind Selangor’s stability.
“It is through stability that we are able to focus on development, implement the smart state initiative, education and health initiatives as well as entrepreneurial programmes,” he said.
He was speaking at the Majlis Rapat Ramadan 2017 bersama Penjawat Awam at the Silver Jubilee Hall Auditorium today.
Mohamed Azmin said, the State Government will continue to spend in a prudent and transparent way while development projects will be carried out on schedule and assuring its quality for the people.
He also reminded all departments and state agencies to be prudent and avoid wastage and leakage in spending.
“MIDA’s statistics are proof of investors’ confidence when domestic and foreign investment rose to RM7.88 billion in 2016 with 242 projects, ultimately the highest compared to other states in Malaysia.
“This proves that investors are still confident in Selangor’s administration based on good governance, transparency and integrity,” he said.
Sharing his experience in Brussels, Hamburg and Munich, Mohamed Azmin said the duty travel had provided foreign investors with a new confidence to invest in Selangor in addition to huge investments in sophisticated technologies.
He said, investors from Germany and Taiwan are also seeing Selangor as a potential gateway to the regional market.
“The State Government is aggressively working towards making Selangor a hub for aerospace, biotechnology and halal industry.
“We can achieve this success as investors are confident in Selangor’s leadership which is stable and firm in upholding the principle of good governance, transparency, openness and accountability,” he said.

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