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Sarawak Premier Abang Johari stressed the necessity of financial transformation for the state to achieve its 2030 high-income, low-carbon economy goal. He highlighted the critical role of public finance in maintaining fiscal discipline, enabling sustainable development, and building public trust, especially given global challenges. Sarawak's Post Covid-19 Development Strategy (PCDS) 2030 emphasizes fiscal prudence, results-based budgeting, revenue diversification, and investments in catalytic and green sectors. The ongoing transition to accrual accounting under MPSAS aims to enhance financial reporting transparency.
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