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Labrish
Nyuuz
Sabah GDP hits RM84.30 billion in 2024, post-COVID high
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[QUOTE="Munyaradzi Mafaro, post: 69088, member: 636"] Sabah Chief Minister Hajiji Noor reported that the state's economy expanded to 84.3 billion ringgit in 2024 from 77.8 billion ringgit in 2020, marking the strongest recovery since the pandemic through effective fiscal management and revenue collection systems. The administration maintained inflation at 1.2 percent last year, below the national 1.8 percent rate, while supporting 1,210 small business applications through microcredit financing totaling 2.37 million ringgit. Federal allocations under the 13th Malaysia Plan will provide Sabah with 6.9 million ringgit in 2026 development funding, complementing the state cabinet's approved 12.02 billion ringgit expenditure ceiling covering 1,173 programs starting next year. Economic projections indicate growth between 1.5 and 2 percent through 2026 despite global uncertainties. Hajiji credited civil service dedication for implementing the Sabah Maju Jaya development framework during his five-year tenure, acknowledging mixed performance results while introducing 48 legislative measures through regulatory reform policies designed to eliminate ineffective economic regulations. [/QUOTE]
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Labrish
Nyuuz
Sabah GDP hits RM84.30 billion in 2024, post-COVID high
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