According to the A-G, 16 ministries has achieve good levels, while another 2 achieve satisfactory levels
By P PREM KUMAR & DASHVEENJIT KAUR
Seven of the 25 ministries achieved excellent financial management results last year, according to the 2017 Auditor-General’s (A-G’s) Report Series 1.
A-G Tan Sri Dr Madinah Mohamad said 16 ministries had achieved good levels, while another two achieved satisfactory levels.
“In addition, 13 departments had achieved excellent levels and five achieved good levels.
“Meanwhile, the performance of financial management at 21 Federal Statutory Bodies, which were audited once every five years, showed that two bodies reported excellent achievements, 12 achieved good levels, five reaching satisfactory levels and the remaining two reported less satisfactory levels,” she said in a statement.
The report was tabled in the Dewan Rakyat and given to all lawmakers yesterday. Madinah said in 2017, the financial management audit used a new approach which was based on risks — where every criteria audited was categorised based on three levels of risks — namely high risk, low risk and moderate risk.
She said in line with the implementation of this new approach, the reporting for 2017 A-G’s Report Series 1 on financial management was only made based on the 2017 financial year performance without comparison to the performance of the previous year.
At the state government level, the National Audit Department had carried out financial management auditing at 116 ministries/state departments, from which 45 departments achieved excellent results; 47 had good results; 17 had satisfactory results, while two had unsatisfactory results.
Audit carried out at 35 state statutory bodies showed that 13 had achieved excellent results, 11 reported good levels, nine reported satisfactory levels, one reported less satisfactory level and one was unsatisfactory.
According to Madinah, in the report, 14 recommendations had been made on the financial statement of the federal government for 2017, and the financial management of ministries/departments and federal statutory bodies. Meanwhile, 46 recommendations were made on activities carried out by federal ministries/departments and statutory bodies, and 21 recommendations for government firms and federal government agencies.
“A total of 162 recommendations had also been submitted on the management of activities/finance of ministries/ departments/agencies and the management of state government companies to improve the weaknesses reported,” she said.
In the meantime, Madinah said based on the audit, the federal government received a total of RM220.41 billion in revenue, an increase of RM7.99 billion, or 3.8%, compared to RM212.42 billion in 2016.
“The government approved an allocation of RM216.7 billion, of which RM217.7 billion (100.5%) had been spent. For development expenditure, the federal ministries/departments had spent RM44.88 billion (99%) of the allocation of RM45.32 billion.
“The federal government suffered a deficit of RM40.32 billion. It had taken a loan from within the country, as well as external loan amounting to RM129.25 billion to meet the deficit and also to repay loans,” she said.