Fifth time lucky? No, fifth surplus in a row for Perak, says MB Saarani

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The Perak government is expected to once again turn a projected deficit of RM95.5 million into a financial surplus this year, marking five ...

KUALA KANGSAR, Nov 15 — The Perak government is expected to once again turn a projected deficit of RM95.5 million into a financial surplus this year, marking five consecutive years of surplus.

Menteri Besar Datuk Seri Saarani Mohamad said the encouraging fiscal performance was driven by prudent management of the state’s treasury, with revenue collection reaching RM1.1 billion and being on track to meet the target of RM1.48 billion.

“Indeed, I realise the truth that the state’s wealth is not meant for boasting, but for safeguarding; not for wasting, but for putting to good use, for the benefit of the people and the long-term prosperity of the state,” he said.

He said this when delivering his address at the Royal Pledge of Loyalty Ceremony and the Conferment of Perak State Honours in conjunction with the 70th birthday of the Sultan of Perak at Istana Iskandariah here today.

Earlier, Sultan of Perak Sultan Nazrin Shah and Raja Permaisuri of Perak Tuanku Zara Salim graced the ceremony.

Saarani said Perak’s gross domestic product (GDP) grew by 5.7 per cent to RM91.5 billion last year, compared with 4.8 per cent in 2024 and 2.8 per cent in 2023, when GDP stood at RM82.7 billion, while the manufacturing sector surged threefold, recording growth of 15.2 per cent in 2025.

He said the economic growth also contributed to a reduction in the unemployment rate from 4.8 per cent in 2021 to 3.5 per cent in 2025, with the number of employed residents reaching 1.2 million in the second quarter of 2026.

“In fact, the number of job vacancies advertised increased by 40.7 per cent to 71,815 positions in 2025.

“More encouragingly, a total of 14,105 job placements were recorded, with placements offering salaries of RM2,000 and above surging by 107 per cent, while placements offering salaries of RM3,000 and above increased by 93 per cent compared to the previous year,” he said.

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