Selangor Journal

LKAN 2016: Selangor second lowest in debt after Penang

SHAH ALAM, AUG 1: The 2016 National Auditor-General’s Report (LKAN) published on July 31 showed that Selangor’s total debt is second lowest after Penang, compared to 12 other states.
According to the report, Selangor only has a debt of RM14.67 million, compared to RM27.09 million at the end of 2015.
Penang was reportedly debt-free by the end of last year, compared to its RM1.49 million debt in 2015.
The LKAN report showed that Pahang debt increased and it’s the highest at RM1,087.93 million compared to RM929.85 by the end of 2015.
That was followed by Kedah with the second highest amount of debt at RM1,028.85 million compared to RM1,027.69 million at the end of 2015.
Terengganu meanwhile was ranked third with a total debt of RM502.36 million compared to its RM465.43 million debt at the end of 2015.
Number four is Malacca with a total debt of RM405.03 million against RM337.84 million at the end of 2015.
The state governments’ debt in total had increased from RM3.985 billion at the end of 2015 to RM4.225 billion by the end of last year.
That involves debts by Kedah, Kelantan, Malacca, Negeri Sembilan, Pahang, Perlis, Sabah dan Terengganu.
Payment arrears had reduced for Johor, Perak, Sarawak and Selangor.
The Series 1 2016 National Auditor-General’s Report tabled in dewan Rakyat yesterday presented 353 proposals to help the Federal Government, federal statutory bodies and state governments to improve the reported weaknesses.

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