Budget 2024: RM6.6bil for Sabah, RM5.8bil for Sarawak

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Budget 2024: RM6.6bil for Sabah, RM5.8bil for Sarawak
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PETALING JAYA: Prime minister and finance minister Anwar Ibrahim has tabled the 2024 federal government budget, with a total allocation of RM393.8 billion.

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RM200 million to catalyse the New Industrial Master Plan 2030. 10% of future investments under NIMP will also be utilised for this purpose.The government is negotiating the handing over of the Bintulu Port and operation of the rural air space to Sabah and Sarawak.Bank Negara Malaysia to develop a national fraud portal by mid-2024.RM26 million for social initiatives for those in rural areas. This includes mobile health and dental clinic services as well as mobile court services.

Government expects to implement a global minimum tax in 2025, on companies with a global income of at least 750 million euros.

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