Sarawak premier Abang Johari Openg said the figure had surpassed its projected revenue of RM10.2 billion by 17%.

He said Sarawak’s revenue comprised four main categories – tax revenue, non-tax revenue, non-revenue receipts, and federal grants and reimbursements.

Abang Johari said the tax revenue contributed RM6.7 billion or 56% of the total revenue, while the other categories made up the rest.

“Under the tax revenue category, state sales tax (SST) contributed 84% or RM5.6 billion of the total tax revenue collected,” he told a press conference at the state assembly building here today.

“The taxable products under SST, among others, were oil and gas products, oil palm products and aluminium.

“The improved performance in SST collection was due to higher market prices in 2022 for oil and gas products and oil palm products.”

Abang Johari said the Sarawak government will continue to study and look into various key initiatives to increase the state’s revenue by enhancing, widening and diversifying its revenue sources.

He said the state government had decided to continue extending the Bantuan Khas Sarawakku Sayang (BKSS) on electricity bill discounts from 5% to 25% for domestic and commercial users and industries for the first six months of this year.

The initiative will involve a sum of RM200 million.