Selangor Journal

Auditor General’s Report confirms Selangor’s strong financial position

BY: ERMIZI MUHAMAD
SHAH ALAM, NOV 22: The State’s financial performance is at its best with an increase in savings to RM3.26 billion.
The Auditor General’s Report Series 2 for 2015 indicated an increase of RM57.71 million in savings, compared to total savings of RM3.20 billion the previous year.
“Consolidated Income Balance of RM3.26 billion increased by RM57.71 million to become RM2.53 billion. In 2015, the State Government ended its financial year with a surplus of RM393.24 million compared to RM111.94 million in 2014.
“The balance of Payable Debts and Payable Debts in arrears for 2015 are 1.3% and 8% respectively,” according to the report.
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The amount consists of the total value of the State Government’s Income Statement for year ending December 31, 2015.
However, total State’s investment decreased to RM92,89 million and General Debt increased to 7.4%. General Debt repayment success rate stood at 22.8%.
“The State Government is advised to be continuously prudent in its spending and only spend on a need-to basis.
Besides that, efforts need to be increased to recover Payable Debt and other debts and revenue collection in arrears from Government Agencies to strengthen the State’s financial position,” he said.

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