SARAWAK’S strong fiscal discipline enabled the state to outperform its revised 2025 revenue projection despite global economic turbulence and softer oil and gas market conditions, said Second Minister of Finance and New Economy, Datuk Amar Douglas Uggah Embas.
He said the challenging global economic environment in 2025, including volatility in commodity markets and a moderated outlook for the oil and gas sector, had forced the state government to revise its projected revenue downward from RM14.201 billion to RM12.076 billion.
“Yet, despite these challenges, the resilience of our economy and the discipline of our fiscal management shone through.
“Based on actual performance, the state succeeded in collecting RM12.553 billion in revenue, surpassing the revised projection by RM477 million, or four per cent,” he said in his ministerial winding-up speech during the DUN Sitting today.
Uggah said the State Sales Tax (SST) on oil and gas continued to be the largest contributor to Sarawak’s overall revenue.
“As of April 2026, SST on oil and gas has contributed a cumulative RM24.77 billion to the State coffers since its introduction in January 2019, a significant amount indeed,” he said.
On expenditure, Uggah said Sarawak spent a total of RM14.17 billion on ordinary expenditure in 2025.
Of the amount, RM5.37 billion was spent on operating expenditure, while RM8.8 billion was appropriated to the Development Funds Account to finance various development programmes and projects throughout the state.
He added that Sarawak also recorded a development expenditure of RM9.8 billion, representing 88 per cent of the total development budget of RM11.07 billion.
Uggah said the state government remained committed to ensuring prudent fiscal management while continuing to implement strategic development initiatives under the Post COVID-19 Development Strategy (PCDS) 2030.
He noted that Sarawak’s financial resilience would continue to play a crucial role in supporting long-term economic growth and development amid uncertainties in the global economy.
