ISKANDAR PUTERI: Johor recorded a surplus budget of RM1.41mil for 2018 - the state's surplus budget for the eighth year running.

Mentri Besar Datuk Seri Mohamed Khaled Nordin said the estimated revenue for next year is RM1.504bil with RM1.503bil allocated for expenditure.

"This means, the Johor Budget for next year is a surplus budget of RM1.41mil,” he said when tabling the state budget at the state assembly in Kota Iskandar on Thursday (Nov 23).

He said that Johor continues to be the main choice for private investors.

“For the first half of this year, Johor recorded investments of RM1.4bil in the manufacturing sector, or 8.23 percent of the total investments in Malaysia.

“This brings the accumulated investments in the state from 2010 until June this year to RM113bil, the highest in the country,” he added.

Khaled pointed out that two main sectors - manufacturing and services - continue to be the main contributor of gross domestic product with a value of RM32bil (31%) and RM36.2bil (34%) respectively.

He said the economic growth in 2017 is projected to be from 5.9% to 6.3%.

“For 2018, the projected growth rate is around 5.5% to 6%,” he added.

Source: The Star Online