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October 28, 2011

Penang gets AG’s thumbs-up

Filed under: Pakatan Rakyat — Pengayau @ 8:27 am
Tags: ,


An excerpt taken from Free Malaysia Today

1.“The audit analysis found that consolidated funds of 2010 had improved compared to previous years and is at the highest level compared to the previous five years,” says the report.

2.It says the revenue collected increased by 9.1% from RM376.51million in 2009 to RM410.70 million in 2010. Consolidated revenue increased by 6.2%.
The state debt to the federal government as of 2010 is RM687.79 million, which is a 0.6% increase from the 2009 debt.

3.According to the report, this was due to loans from the federal government to fund the widening of the Mengkuang dam to improve water supply and the building of the Batu Kawan indoor arcade and seafood centre.

4.The state’s assets, consisting of cash and investments, have increased to RM1.13 billion from RM1.10 billion.

5.On development under the Ninth Malaysia Plan, the AG rates the state’s performance as satisfactory. It has spent 77.8% of the allocated RM1.01 billion.
In the implementation of projects, the report hails the state’s performance as “very good”, with 99% of the 9,003 projects successfully carried out.Read more here 

Read also Auditor general’s report highlights Penang’s financial prudence

Ps: Wahh!! Kudos to Lim Guan Eng!! Erk!! PR controlled state isnt it? 🙂








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