Thursday November 2, 2017
03:17 PM GMT+8

Advertisement

More stories

Lim tabled a RM1.213 billion budget for 2017 with a projected deficit of RM748.5 million, making it the seventh consecutive deficit budget for the state since 2011. ― Picture by KE OoiLim tabled a RM1.213 billion budget for 2017 with a projected deficit of RM748.5 million, making it the seventh consecutive deficit budget for the state since 2011. ― Picture by KE OoiGEORGE TOWN, Nov 2 ― The Penang government announced today a RM2,000 bonus each to all state civil servants in its Budget 2018.

Chief Minister Lim Guan Eng said the bonus will be paid out by the end of this year.

“All civil servants with good disciplinary record will get the RM2,000 bonus,” he said when tabling the state budget 2018 at the state legislative assembly here titled the “ordinary people’s budget.”

Civil servants who do not have good disciplinary records will still receive a RM1,000 bonus.

The cash bonus is applicable to all civil servants in local governments, state government corporations and agencies.

This cash bonus is on top of this year’s Hari Raya Bonus of 0.75 months announced earlier, Lim added.

He said religious school, KAFA teachers and independent Chinese school teachers will get a cash bonus of RM300 while those in tahfiz, pondok schools and tadika Islan will get RM200 cash reward.

Earlier, Lim tabled a RM1.213 billion budget for 2017 with a projected deficit of RM748.5 million, making it the seventh consecutive deficit budget for the state since 2011.

The deficit is higher compared to the deficit of RM667.10 million this year.

The budget for 2018 is lower than this year’s budget of RM1.45 billion.

He said the administration expenditure for 2018 is lower at RM1.25 billion as compared to RM1.35 billion this year.

“The expected revenue to be collected for 2018 is RM503.7 million which is lower than the revenue for 2017,” he said.

He explained the lesser revenue is due to limited revenue sources with no new sources of revenue and that revenue from return in investments are also expected to lower due to lowering dividend payments and lower fixed deposit interests.

Lim stressed that the state may have tabled a projected budget deficit each year but the state will record actual surpluses every year.

He said the state, under the ruling Pakatan Harapan pact, has recorded surpluses since 2008 that totalled RM578 million from 2008 until 2015.

The state’s cash reserves have also increased more than RM1 billion to RM1.8 billion while its debts were reduced by 90 per cent.

Trending Videos

Trending Videos

Advertisement

MMO Instagram

Tweets by @themmailonline