SHAH ALAM, Nov 12 — Selangor’s strong financial reserves position helps it absorb financial pressures in the face of crises and major disasters like flooding, said Menteri Besar Dato’ Seri Amirudin Shari.
He said this was especially true in the aftermath of the massive 2021 floods, when the Selangor government spent at least RM163 million to help victims.
“The state’s reserves increased from RM2.1 billion in 2018 to over RM3 billion in 2021, which allowed for sufficient allocations to be provided for disaster relief.
“If we didn’t have significant reserves, it would be hard for us to spend so well,” he said during an exclusive interview with Media Selangor ahead of the 2027 Selangor Budget tabling tomorrow.
Amirudin said that the state has surpassed its RM2.8 billion revenue targeted for this year, with RM2.82 billion collected as of November 3, and expects the figure to keep rising by the end of the financial year in December.
“This achievement … lets Selangor keep strengthening its financial position and ensures our capability to implement various development agenda for the people,” he added.
Amirudin said that among the main contributors to Selangor’s revenue are land premiums, which was estimated in the 2026 Selangor Budget to be RM1.02 billion, or 36.3 per cent of the total RM2.8 billion target.
