Federal government's investment dividends plummet by RM9.756bil in 2023, audit reveals


PETALING JAYA: The federal government saw weaker gains from its investments with dividends dipping by RM9.756bil in 2023, a 17% drop compared to 2022.

The dividends received decreased to RM46.059bil in 2023, down from RM55.815bil in 2022, according to the Auditor-General’s Report Series 3 released on Monday (Oct 14).

The report attributed this decline to reduced dividends received from eight government-linked companies (GLCs) and one statutory body, which dropped by 22.4% to RM42.786bil in 2023.

"The GLCs with the sharpest decline were Petroliam Nasional Berhad and Prokhas Sdn Bhd, with dividends falling by RM10bil (20%) and RM49.71mil (89.3%), respectively, compared to 2022," the report stated.

Additionally, dividends from Bank Negara Malaysia decreased by RM2.25bil (45%) to only RM2.75bil in 2023 compared to the RM5bil it received in 2022.

The report also highlighted that Syarikat Jaminan Pembiayaan Perniagaan Berhad did not declare any dividend payments in 2023, despite recording a profit, whereas it had previously paid RM7.26mil in dividends to the federal government in 2022.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Sabahan students to get RM300 annually to return home for festivals
Over 378,000 family-related complaints recorded by Jakim from 2021 to 2023
Terengganu allocates RM4.2mil to repair over 1,100 storm-damaged houses
Brush with the law: Man nabbed for graffiti on Teluk Intan bridge
Hamas denies martyrdom of its military leader Mohammed Deif
Bersatu polls: Mas Ermieyati, Abdul Rahim win division head posts
Anwar joins spectators at Sepang for 2024 MalaysianGP
Cosmetics and petrol smuggling busted in Kelantan
Top ten characters been announced for 2024 Malaysian Hanzi of the Year
RM1.4bil to be injected to complete 24 delayed Sarawak projects by 13MP, says Zahid

Others Also Read