Premier: Sarawak Budget 2027 to cover electricity tariffs, revenue and economic direction

Mukah, October 3 — Sarawak Premier Tan Sri Abang Johari Openg has suggested that the upcoming Sarawak Budget 2027 will cover a range of topics, such as electricity tariffs, economic direction, and the state's revenue status. However, the premier refrained from disclosing specific measures, urging the public to await the budget announcement.

He stated, "God willing, I will table the Sarawak Budget in two weeks. Let us wait for the budget." Abang Johari also mentioned that other states have increased their electricity tariffs; nonetheless, he assured the public that Sarabahan will maintain stable rates as long as he is in office. Concerning the state's future economic direction and revenue, Abang Johari promised to reveal these details during the budget presentation.

He expressed optimism about Sarawak's economic future for its children and emphasized the need to monitor whether the revenue is increasing or decreasing. Abang Johari affirmed that Sarawak will not compromise its rights to oil and gas resources, as guaranteed by the Malaysia Agreement 1963 (MA63). The premier hinted that the wealth derived from these resources will be used to fund development projects and enhance the well-being of Sarawak's residents.

He also mentioned that state revenue is essential for financing various development needs, including road construction, infrastructure development, and agricultural sector advancement. The establishment of Petroleum Sarawak Berhad (Petros) is one of the strategic initiatives undertaken by the state government to manage oil and gas resources effectively.