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Abg Jo: S'wak Sovereign Wealth Future Fund to start Jan 1, 2024, with RM8 bln
(www.theborneopost.com)
this post was submitted on 14 Aug 2023
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Nope.
Sarawak has always been rich in terms of GDP per capita, consistently in top 3 of all Malaysia states in the past decade, just behind Kuala Lumpur and Labuan, beating Selangor, Penang and Johor [1] that most people perceived as rich and economy driven states.
Their 2022 finances:
Sarawak economy has traditionally heavily depended on natural resource extraction and exports, i.e., oil and gas, timber and palm oil. Their main export partners [4]:
They have their control long ago to enrich themselves and just that the peasants willingly fooled themselves to believe they have not been in control and grateful they have the second coming of Jesus to resurrect them from independence.
[1] https://en.wikipedia.org/wiki/List_of_Malaysian_states_by_GDP
[2] https://www.businesstoday.com.my/2023/02/02/abang-johari-sarawak-records-rm11-9-billion-revenue-for-2022/
[3] https://web.archive.org/web/20220702022625/https://www.newsarawaktribune.com.my/sarawak-approves-rm10-646-bln-budget-for-2022/
[4] https://web.archive.org/web/20210607170429/https://www.theborneopost.com/2019/09/29/enhancing-access-to-sarawaks-trade/
did you just call us Sarawakians as peasants, after I have called you out for your Malayan snobbery?
you do realise all Malaysian states depend heavily on Putrajaya for funding yea? and that ultimately what we produce goes back to the government in the form of - income tax, corporate tax, oil royalty and it gets redistributed from the governments coffers yeah?