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.