Sarawak: Highlights On The RM10.136 Billion 2022 Budget For Sarawakian And Also Business Owners

A budget of RM10.136 billion budget has been approved for 2022, said Datuk Patinggi Abang Johari Tun Openg, Sarawak Chief Minister.

The focus of this 2022 budget is to help the people and Sarawak economy to recover from the Covid-19 pandemic.

With the estimated 2022 revenue of RM10.036 billion and expenditure of RM10.646 billion, the state's 2022 Budget is expected to incur a deficit of RM610 billion.

Some of the highlights of the approved budgets are:

For Sarawakians:

  • Housing Deposit Assistance Scheme (up to RM10,000) to help B40 and M40 groups make homeownership deposit payment;
  • RM285.47 million allocated under Bantuan Khas Sarawakku Sayang (BKSS) 8.0;
  • Electricity and water bill subsidies until June 2022;
  • 50% HDC rental discount or waivers for GLC premises including market stall rental, etc.;
  • A one-off grant of RM500 to boat operators, taxi, school bus and van drivers;
  • A bonus of one and a half months for civil servants and RM500 for federal civil servants.

For entrepreneurs, business owners:

  • RM10 million to help Bumiputera business associations through Bumiputera Business Empowerment Fund;
  • A one-off special grant of RM20 million to assist Sarawak Business Federation and its 15 affiliates to organise capacity building and enterprise development programs;
  • A one-off grant of RM1,000 for small stall operators via Sarawak Pay;
  • RM15 million for fisheries and RM60 million for palm oil and pepper farm operators;
  • RM25.1 million to facilitate the recovery of businesses, SMEs and micro-entrepreneurs through interest subsidy schemes under Special Relief Facility, Targeted Relief and Recovery Facility and Penjana Financing;
  • RM24.5 million for entrepreneurship programs, Sarawak micro-credit scheme. Skim Pinjaman Industri Kecil and Sederhana, Go Digital Program and Digital Marketing program.

More to come. 

Related Article
A Journey Awaits! Sarawak Announced Readiness to Welcome Back Visitors Responsibly at the Launching of ITB Asia 2021

The wait to travel is over. Sarawak Tourism Board & its tourism industry players are ready to welcome back visitors to rediscover Sarawak responsibly!

James Michael Tyler: 'Gunther' In Friends Died Aged 59

US actor James Michael Tyler, who most famously starred as Gunther in the TV sitcom Friends, has died aged 59.

Malaysia: No. It's Not Automatic. You Have To Verify Your Voting Information Before Being Eligible To Vote And Here's How To Do It

Yes, it's not automatic, you need to verify your information before being able to vote.

Little Known Health Benefits of Black Pepper According to Science

Did you know? More than just a seasoning, black pepper consists of pure alkaloid piperine that offers numerous scientifically proven health benefits!

It Has Begun! ICube and GEX Off To A Good Start in Raising Innovative Entrepreneurs From Sarawak!

iCube and GEX have successfully launched the first R.A.I.S.E. Sarawak event! Offering valuable insights & proven formulas to help improve businesses.

The Less Familiar Sight of Thailand - Thousands of Abandoned Taxis Turned into a Rooftop Vegetable Garden

Demand for taxis drying up in Thailand leaving thousands of cabs abandoned and now turned into a vegetable garden to help support out-of-work drivers.

Three Malaysians Win British Council IELTS Prize To Pursue Their International Study Dreams

Tan Pei Jing, Hadhinah Binti Ahmad Puaad and Senthil Kumaran Raja Kumar are the winners of the 2021 IELTS Prize in Malaysia.

More Stories