A-G: Sabah on solid financial footing

KOTA KINABALU: The Sabah government is on a more solid financial footing with the state’s consolidated fund recording an increase of more than 20% last year.

Auditor-General Tan Sri Ambrin Buang said the state government recorded an increase of nearly RM500mil in its consolidated fund, boosting it from RM2.32bil in 2009 to RM2.82bil last year.

Similarly, the state’s consolidated revenue account also recorded a surplus of RM730.32mil in 2010, compared to a surplus of just over RM186.6mil the year before.

The increases came on the back of a rise of RM1.15bil in the state’s revenues to RM4.2bil in 2010. However, management expenditures also saw an increase by RM607,52bil to RM3.47bil.

Ambrin also noted that the state government’s investments in its statutory bodies had increased by 22% or RM494mil last year.

He said these investments had resulted in returns to the state totalling nearly RM50mil last year.

He also noted that the state government had managed to reduce it’s outstanding loan payments to the Federal Government by RM35.12mil, from RM95.52mil to RM59.34mil last year.

The state’s outstanding revenues also increased by RM9.77mil to RM496.91mil last year.

In this regard, he said the Sabah must focus its efforts in recovering these outstanding revenues apart from the more than RM1bil owed to it by its various agencies.

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