SHAH ALAM, Nov 13 — Selangor is projected to contribute a gross domestic product (GDP) reaching RM489 billion by this year, said Menteri Besar Dato’ Seri Amirudin Shari.
The state’s economic success stems from the restructuring of its economic framework under the First Selangor Plan (RS-1), implemented from 2021 to 2025.
During this period, he said Selangor’s economy expanded by 33.94 per cent, with its GDP growing from RM343.5 billion before RS-1 to RM460.1 billion in 2025.
“In 2025, Selangor recorded rapid economic growth, with a GDP of RM460.1 billion, thereby increasing its contribution to the national GDP to 26.5 per cent.
“This represents a significant improvement over the RM432.1 billion GDP recorded in 2024.
“InsyaAllah (God willing), this positive growth trajectory will also enable Selangor to become the first state to contribute a GDP exceeding half a trillion ringgit, or RM500 billion, by 2027,” Amirudin said when tabling the 2027 Selangor Budget during the State Legislative Assembly sitting today.
He added that Selangor’s financial position has improved by RM384.84 million as of November 11.
By consistently adhering to a prudent spending approach, the state government’s financial performance as of Wednesday (November 11) has resulted in a financial surplus of RM422.40 million.
“The figure brings the current state reserves to a total of RM5,121.25 million, comprising the Consolidated Revenue Account, which holds RM1,713.02 million, and the Consolidated Trust Account, which holds RM3,408.23 million.
“A total of RM1,413.50 million, representing 75.99 per cent, was utilised for operating expenditure, while RM1,121.00 million (81.82 per cent) was recorded for development expenditure,” Amirudin said.
State revenue exceeded the collection target for the entire year of 2026, amounting to RM2,956,898,179.58.
“The tax revenue was RM767,303,100.79. The state also recorded non-tax revenue at RM1,912,253,905.15.
“The non-revenue receipts were recorded at RM277,341,173.64,” he said.
Elaborating on the state’s economic outlook, Amirudin said Selangor has established a solid economic foundation amidst the global economic crisis.
It has remained economically strong through strategic policy planning over the past decade, especially through the Selangor Plan, which has entered its second term.
“As we enter the year 2026 with high spirits and optimism that the global economy, in the aftermath of the COVID-19 pandemic and the Russia-Ukraine war, will recover and return to a more robust growth trajectory.
“However, towards the end of February, the world was once again jolted by a new crisis when an Israeli attack on Iran caused further disruption to energy supplies; the closure of the Strait of Hormuz sent oil prices soaring to some of the highest levels in history.
“This economic volatility, which impacts global geopolitics, brings to mind a phenomenon described by the French thinker Edgar Morin as a ‘polycrisis,’ a state where the complex interconnectedness of the modern world causes crises occurring far away to be felt close to home, directly affecting our own lives,” he said.
