KUCHING: Sarawak’s sovereign wealth fund has delivered encouraging early results, reflecting a disciplined fiscal approach aimed at safeguarding long-term prosperity.
Premier Abang Johari Tun Openg said the fund has reached RM8.6 billion, surpassing its initial share capital of RM8 billion – a milestone that underscores the state’s prudent financial management and forward-looking strategy.
“Our sovereign fund has yielded results,” he said at a press conference during the GPS Convention 2026 at the Borneo Convention Centre Kuching (BCCK), noting that the state government remains committed to leaving the fund untouched for at least 20 years to allow it to grow steadily.
He emphasised that the decision to preserve the fund is rooted in a long-term vision to secure Sarawak’s economic future.
By allowing the capital to compound over time, the fund is expected to become a strong financial guarantee for future generations.
“This money will be saved, and then it will multiply. That will become a guarantee for the future generation in Sarawak,” he added.
At the same time, Abang Johari stressed that fiscal discipline remains central to the state’s policy direction.
While development continues to be a priority, he said spending must be carefully managed to ensure sustainability.
“We have to develop, but we spend prudently. Our fiscal policy must be of high discipline,” he said, cautioning against excessive or wasteful expenditure.
Instead, the state government will focus on investing in strategic sectors that can drive long-term growth and resilience.
These include areas seen as critical to Sarawak’s future economic transformation, particularly those that can generate sustainable revenue streams.
The Premier also highlighted that increased state revenue would enable further savings, reinforcing the importance of maintaining a strong financial base while pursuing development goals.
Looking ahead, the Premier voiced confidence that the state’s disciplined fiscal approach, coupled with its commitment to saving and investing wisely, will position Sarawak strongly for the decades to come.
