Perak revenue hits RM1.1b, eyes RM1.48b target
KUALA KANGSAR: Perak is on track to record its fifth consecutive year of financial surplus, with state revenue collection reaching RM1.1 billion as it moves towards its RM1.48 billion target.
Perak state revenue in Malaysia has reached RM1.1 billion, the government aiming for a RM1.48 billion target. Menteri Besar Datuk Seri Saarani Mohamad attributed the financial growth to robust economic expansion, with the state's GDP reaching RM91.5 billion last year. Saarani expressed confidence in achieving a surplus, having turned a projected deficit of RM95.5 million into a surplus for the fifth consecutive year.
The state's economy grew at 5.7% in 2024, driven by a strong manufacturing sector which expanded by 15.2% in 2025. Unemployment fell from 4.8% in 2021 to 3.5% last year, with employed individuals reaching 1.2 million in the second quarter of 2025. Job vacancies increased by 40.7% to 71,815, with 14,105 placements recorded, including a 107% rise in salaries above RM3,000.
To combat rising living costs, the state increased funding for the Pasar Sejahtera Rakyat Perak programme to RM3.2 million, hosting 132 events benefiting over 28,000 people. Several development projects were approved under the 13th Malaysia Plan, including educational complexes, cardiothoracic surgical facilities, flood mitigation projects, schools, and the Proton City Fire and Rescue Station.
The Automotive High Tech Valley and Lumut Maritime Industrial City are also key growth areas. The government is also addressing long-term challenges like water security, with a RM5 billion federal loan finalized for the North Perak Water Supply Scheme.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
