GRS Sets RM10 Billion Revenue Goal and Plans Sabah’s First Sovereign Wealth Fund

KOTA KINABALU — Gabungan Rakyat Sabah has outlined a long-term fiscal strategy that places revenue expansion and future savings at the centre of its state election manifesto. Deputy secretary-general Armizan Mohd Ali said the coalition aims to raise Sabah’s annual revenue to RM10 billion by 2030, while also creating the state’s first sovereign wealth fund next year. He said Sabah’s revenue growth under GRS, which rose from RM3.59 billion in 2020 to RM6.84 billion in 2024, provided the confidence to set higher targets.

GRS

The sovereign wealth fund will be capitalised through state reserves and a fixed share of Sabah’s 40% federal grant entitlement, following a recent court ruling affirming the state’s rights. Armizan said the fund is intended to build long-term financial resilience and give future administrations more fiscal space to address development gaps without overreliance on fluctuating revenue streams or federal allocations.

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