TRDI

KUALA TERENGGANU, November 12 – Terengganu continues to stay on the right track toward achieving its economic development and overall well-being goals, as the state records five major milestones, including cumulative investments amounting to RM14.3 billion under the 12th Malaysia Plan (RMK12) up to June 2025, compared to RM9.6 billion throughout the 11th Malaysia Plan (RMK11).

This momentum further strengthens Terengganu’s position as one of the key investment destinations on the East Coast, supported by stable fiscal performance and ongoing strategic development planning.

Menteri Besar, Dato’ Seri Ir. Dr Ahmad Samsuri Mokhtar said in his 2026 State Budget presentation today that the state government has allocated RM1.938 billion for operating expenditure, including RM450 million for development expenditure.

He added that the state’s projected revenue stands at RM1.998 billion, emphasizing the government’s commitment to balanced economic growth and public well-being.

“The State Government focuses on strengthening governance, economic resilience, and social preservation, in line with our target of achieving economic growth between 3.4 percent and 4.2 percent, increasing state revenue, and enhancing the people’s happiness index.

“Current performance also shows an increase in the average annual state-generated revenue by 11.9 percent, reaching RM264.88 million per year during RMK12 compared to RM236.77 million per year during RMK11. The state economy has also grown by 4.1 percent annually compared to 1.9 percent in the previous period,” he said in a media statement following the presentation of the 2026 Terengganu State Budget on Monday.

He further noted that the entrepreneurial and investment ecosystem continues to advance, with the number of active companies increasing by 12.7 percent to 38,448 compared to 34,126 in 2024.

“The state’s job market has also improved, with the unemployment rate easing to 2.8 percent in the second quarter of 2025, down from 3.4 percent in the fourth quarter of 2024.

“Terengganu has also maintained its status as the happiest state in Malaysia, scoring 8.64 in 2024, with the overall happiness rate rising to 89.4 percent in 2025, compared to 87.6 percent the previous year,” he added.

In the statement, Ahmad Samsuri also expressed appreciation for the collective effort behind these achievements.

“I firmly believe that the steadfast support and cooperation of the public sector, private sector, and the people are the true keys to our current performance and to future successes, insya-Allah,” he said.

The 2026 State Budget, themed 'Driving Potential, Elevating Performance' underscores the state government’s commitment to sustaining its development momentum and ensuring that the benefits are widely felt by the people.