Selangor's fiscal position continues to hold firm despite mounting global economic uncertainties stemming from supply chain disruptions and volatile international markets, according to Menteri Besar Datuk Seri Amirudin Shari.
Amirudin ruled out implementing emergency fiscal measures, citing the state's steady revenue intake. As of May, collections had reached RM1.6 billion of the RM2.8 billion annual target, with the trajectory indicating positive momentum. He made the comments at a press briefing on June 15 after unveiling Phase 1 of the Selangor Resilience Strengthening Package at the State Secretary's Office building in Shah Alam.
The state has already generated a RM300 million surplus from prudent expenditure management, the Menteri Besar noted. Although current-year finances fall short of last year's performance, officials remain confident the revenue target will be met, backed by solid reserve holdings. "We are monitoring developments closely on a weekly and monthly basis but have not yet felt compelled to activate emergency protocols," Amirudin said.
The government is pursuing multiple avenues to strengthen the state's economic resilience, including accelerated land sales, policy adjustments for industrial land conversion, and attracting fresh investments into Selangor. These initiatives aim to cushion the anticipated fallout from global economic headwinds expected in coming months.
Amirudin stressed that authorities are taking preemptive action to shield residents and businesses from external shocks, even as they assess how international turmoil will ripple through the local economy.
