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

Mukah, Oct 3 — Sarawak Premier Tan Sri Abang Johari Openg suggested that the 2027 Sarawak Budget, set to be presented at the forthcoming State Legislative Assembly (DUN) meeting, will touch upon various topics such as electricity tariffs, the state's economic direction, and the state's revenue situation. However, he refrained from disclosing specific initiatives, urging the public to await the budget announcement.

"May Allah grant me the strength to present the Sarawak Budget in two weeks. Let us wait for the budget," he stated while inaugurating the Sarawakku Sayang 2026 Programme (Mukah Division) at the Dataran Pehin Setia Raja today. Abang Johari also offered insights into Sarawak's economic trajectory and financial standing, with further details to be revealed during the presentation.

"Concerning our economic direction for the well-being of our children, do not fret. The future is promising. And regarding Sarawak's revenue, is it increasing or decreasing? Await the 12th of October," he added. Furthermore, Abang Johari affirmed that Sarawak would not compromise in safeguarding its entitlements to oil and gas resources, with the proceeds to be invested in development and enhancing the populace's welfare.

This position is grounded in the provisions of the Malaysia Agreement 1963 (MA63). "I will not waver regarding Sarawak's rights to oil and gas. It is imperative to maximize our natural resources to ensure the benefits are directed back to the people of Sarawak," he declared. Abang Johari noted that state revenue is essential for financing various development projects, including road and infrastructure construction, as well as agricultural advancement.

He emphasized that the establishment of Petroleum Sarawak Berhad (Petros) represents one of the state government's strategic initiatives to manage oil and gas assets.