SARAWAK’S revenue collection has reached RM10.3 billion as of October 2025, representing 73 per cent of the full-year projection.
Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the state now expects to close the year with RM12.1 billion in total revenue, which is lower than the original estimate of RM14.2 billion.
He said the RM2.1 billion or 15 per cent reduction was mainly due to the prolonged decline in global crude oil prices, which averaged USD69 per barrel throughout 2025.
“Our actual collection of RM10.3 billion came largely from state sales tax, cash compensation for oil and gas rights, dividends and investment returns,” he said during the third session of the fourth term of the 19th State Legislative Assembly sitting today.
He explained that the state sales tax contributed RM3.9 billion, of which petroleum products accounted for RM2.9 billion.
Other components included crude palm oil and palm kernel oil (RM801 million), aluminium (RM64 million), lottery (RM59 million), timber products (RM21 million), ferro-alloys (RM20 million) and polysilicon (RM9 million).
Other major revenue sources were RM2.2 billion from cash compensation in lieu of oil and gas rights, RM1.1 billion in dividends, RM640 million from interest and investment returns, and RM562 million from raw water royalty.
Land premium contributed RM232 million, forestry RM209 million, and cash compensation in lieu of import and excise duties on petroleum products RM120 million.
Federal grants and reimbursements amounted to RM744 million, while mining royalties, water sales and land rents totalled RM593 million.
Abang Johari said the state’s 2025 Ordinary Expenditure had been revised from RM13.715 billion to RM14.061 billion, an increase of RM346 million or 2.5 per cent.
He said RM9.86 billion, or 70 per cent of the Ordinary Expenditure, had been utilised as of October, comprising RM3.96 billion for operating expenditure and RM5.9 billion channelled to Statutory Funds.
“For Development Expenditure, a sum of RM5.46 billion out of RM11.07 billion or 49 per cent has been expended for the same period,” he said.
He added that development spending was expected to rise towards the end of the year as implementation progressed and project momentum continued to increase.
