Federal Budget 2019 Sarawak And Other Petroleum States To The Rescue



(DAH IKHWAN Blog) – A sum of RM 316.55 bil. is allocated for Federal Government Expenditure in 2019, an increase of 12.15% over the 2018 figure, though the people were actually braced for a more austere budget following discoveries of cases of  ‘misappropriation of funds’ and ‘misinformation on government debts level’  committed  by the previous BN Government. This is also achieved in spite of the scrapping of GST which started last year.
How  did the Federal Government achieve this? From a quick  research done, there should be a big net reduction  in government revenue  by  approximately RM 21 bil  following the introduction of SST that replaced GST.  This is a huge gap  that should necessitate an increase in other taxes  or a windfall from Petroleum revenue sources, and it will be hard to imagine  such tax  increases without widespread  protests from the people. Hence,  the government  increased  some minor duties and taxes, but these can  only raise  minimal amount for the federal government revenue.
An analysis of the budget figures however indicates that the revenue shortfall is met by increase in PETRONAS  contribution to the Federal Coffers from an expected increase in Oil and natural gas prices as well as  a special dividend of RM 30 bil from PETRONAS. Apparently, the special dividend  is provided from uncommitted  financial reserves  of PETRONAS, which is fast dwindling if this practice continues. From my analysis of PETRONAS Balance Sheet for the year 2017, such a special dividend, as expected,  is not sustainable and would not  likely be  available in future budgets. For this reason, budget for the next few years are likely to be  more austere, unless there are large increases in Federal Government debt.
Unwilling as they are though, through the above huge PETRONAS contributions,  Sarawak, Sabah  and other poor  Petroleum states have again been forced to  come to the rescue of Federal Government to meet an equally huge appetite of the already rich Peninsular states. And this has been going on for the last thirty five years!!!
READ MORE HERE
 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2018/11/08/federal-budget-2019-sarawak-and-other-petroleum-states-to-the-rescue/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Sarawak 2019 Budget Opens Up Opportunities For Youths

Sarawak 2019 Budget Opens Up Opportunities For Youths

papar berkaitan - pada 7/11/2018 - jumlah : 361 hits
KUCHING Sarawak s 2019 Budget will give new hopes and open Sarawak to a better socio economic direction new ways of doing things as well as a new way of life said 30 year old IT technician Syed Hashimie Sayed Chief Minister Datuk Patinggi A...
Bayi Sarawak Dapat Rm1 000 Mulai 2019 Kata Abang Jo

Bayi Sarawak Dapat Rm1 000 Mulai 2019 Kata Abang Jo

papar berkaitan - pada 6/11/2018 - jumlah : 370 hits
KUCHING 5 Nov Setiap bayi baru lahir Sarawak akan diberi insentif RM1 000 tanpa mengira etnik kepercayaan agama dan status sosial mulai tahun hadapan kata Ketua Menteri Datuk Patinggi Abang Johari Tun Openg Abang Johari yang juga Menteri Ke...
Budget 2019 It S Just A Blame Game Says Najib

Budget 2019 It S Just A Blame Game Says Najib

papar berkaitan - pada 3/11/2018 - jumlah : 300 hits
Former prime minister Najib Razak says the fiscal deficit is due to the abolishment of the goods and services tax KUALA LUMPUR Budget 2019 is an attempt by Putrajaya to blame the former Barisan Nasional administration for the country s fisc...
New Petroleum Sales Tax To Add Rm3 897b To Sarawak S Revenue

New Petroleum Sales Tax To Add Rm3 897b To Sarawak S Revenue

papar berkaitan - pada 13/11/2018 - jumlah : 350 hits
The new sales tax on petroleum products will enable Sarawak to collect an additional revenue of RM3 897 billion or 37 percent of the total estimated revenue of RM10 513 billion next year State second finance minister Wong Soon Koh said the ...
Accession To Icerd Does Not Violate The Federal Constitution

Accession To Icerd Does Not Violate The Federal Constitution

papar berkaitan - pada 9/11/2018 - jumlah : 409 hits
The Malaysian Bar welcomes Prime Minister Dr Mahathir Mohamad s statement on Sept 28 during the 73rd United Nations General Assembly that the new government of Malaysia has pledged to ratify all remaining core UN instruments related to the ...
Best Beach Resorts In Malaysia The Luxury Budget

Best Beach Resorts In Malaysia The Luxury Budget

papar berkaitan - pada 4/11/2018 - jumlah : 589 hits
Malaysia is well known for its beautiful and impressive collection of beaches The beauty of its coast from Borneo to Peninsular Malaysia is often spoken by local and foreign tourists At each of these beaches there are astonishing beach reso...
Budget 2019 Private Sector Must Get On Board Aggressively

Budget 2019 Private Sector Must Get On Board Aggressively

papar berkaitan - pada 4/11/2018 - jumlah : 327 hits
I think the Budget 2019 is well thought The Budget is critical to move the country forward The Pakatan government can now fully settle down to managing the country The Budget shows a better level of thinking than under the kleptocrats If Ma...
Immature Of Pas To Claim Budget Ignored East Coast States Husam

Immature Of Pas To Claim Budget Ignored East Coast States Husam

papar berkaitan - pada 4/11/2018 - jumlah : 307 hits
Kelantan Pakatan Harapan chairperson Senator Husam Musa has lambasted PAS for accusing the federal government of neglecting the east coast states in Budget 2019 He said this showed the party s immaturity and its childish politics PAS is jus...
Budget 2019 Left Out M40 And Senior Citizens Says Penang Gerakan

Budget 2019 Left Out M40 And Senior Citizens Says Penang Gerakan

papar berkaitan - pada 3/11/2018 - jumlah : 310 hits
Penang Gerakan has commended the Pakatan Harapan government for trying to fulfil some of its election promises in its first Budget announced today but pointed out that the middle income segment was left out in the list of goodies Penang Ger...
Filem Martabat Misi Berdarah

Nasihat Perihal Solat Dan Kematian

Hari Lautan Sedunia Jangan Bawa Balik Kulit Siput Jika Ke Pantai

Bas Bawa Pelajar Upsi Dipercayai Hilang Kawalan Dan Terlanggar Belakang Alza Jadi Punca Kemalangan

Fleeting Yet Functional The Rise Of Transient Electronics

Fancy Owning A Private Island Or Uninhabited Land

Chronology Of Tragic Gerik Bus Crash That Claimed 15 Lives

Saya Hargai Dikritik Muat Naik Spoiler Squid Game 3 Ini Respon Park Gyuyoung


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Raya Kedua Tapi Masih On Duty

Understanding Insurance Estimates For Car Repairs A Comprehensive Guide

Maiwp Mohon Maaf Atas Kesilapan Pemberian Pampers Tape Ppim Mohon Hentikan Kecaman

Pelajar Umpsa Berdepan Detik Cemas Bas Ekspres Rempuh Belakang Treler Di Lpt

Nahas Bas Penuntut Upsi Pelajar Dakwa Rayu Pemandu Perlahankan Kenderaan Tapi Tak Dipeduli

Buasir Otak Tv Buasir Otak The Muzik Kekal Sahabat