by SHAZNI ONG / graphic by TMR
FINANCE Minister Lim Guan Eng’s claim that the government’s consolidated revenue account was left with only RM450 million as of April 30 this year has been verified by the Accountant General department.
Accountant general Datuk Saat Esa (picture) also confirmed in a statement that the account is also the only one permitted to be used for the federal government’s operating expenditure.
“The federal government only had RM450 million to spend in the consolidated revenue account on April 30, 2018, compared to RM11.86 billion at the end of 2017,” he said.
The consolidated revenue account, along with consolidated loan account and consolidated trust account make up the consolidated fund.
As of Dec 31, 2017, Saat said the consolidated loan account stood at RM33.48 billion (audited) and fell to RM29.21 billion (unaudited) by April 30 this year.
Saat said the federal government spends more than RM8 billion a month for emoluments and retirement benefits.
On Sunday, Lim said in a statement that former Prime Minister Datuk Seri Mohd Najib Razak had left the Pakatan Harapan government with only RM450 million on April 30 this year.
Lim also said Najib should explain why the consolidated revenue account had dropped 96%, or RM11.41 billion, between Dec 31, 2017, and April 30, 2018.