KOTA KINABALU, Nov 23, 2015:

Sabah Government’s financial position is good, and this was certified by Auditor General Tan Sri Ambrin Buang in his report for the year 2014.

He said the state’s financial statements reflected a “true and fair view of the state government’s financial affairs” as at Dec 31 last year, adding that all items were supported by sufficient documents.

“The Audit analysis showed that the State Government’s Consolidated Fund increased by RM101.95 million or 4.6% from RM2.22 billion in 2013 to RM2.33 billion in 2014.

“The Consolidated Revenue Accounts recorded a surplus for the year 2014 of RM37.62 million and the accumulated balance increased by 1.0% to RM3.67 billion,” he said.

He also reports that revenue collected increased by RM197.92 million or 4.6% to RM4.54 billion in 2014 while expenditure increased by RM184.81 million or 4.3% to RM4.50 billion.

The total amount of investment in fixed deposit in public authorities and statutory agencies were RM2.13 billion and RM6.14 billion, respectively, while the interest and returns on fixed deposit and investment in public authorities and statutory agencies amounted to RM92.20 million and RM103.32 million.

He added that the outstanding repayment of recoverable loan increased by RM14.27 million or 1.8% to RM805.99 million, while arrears of revenue increased by RM4.03 million to RM462.86 million last year.

As for the state government’s development plan, under the Third Rolling Plan 4 (2014-2015) of the 10th Malaysia Plan (RMK-10), a total of 5,386 projects were approved by the state government to be implemented by 11 ministries or departments with an allocation of RM1.23 billion.

Of the figure, a total of 5,003 or 92.9% projects were completed, 295 or 5.5% of the projects are being implemented and 88 or 1.6% projects have yet to commence.

A total of RM1.01 billion or 82.5% of the current provisions approved by the State Government was spent.

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