PETALING JAYA: Three universities, a hospital, and a waste management agency were among the five federal agencies that reported losses for three consecutive years, according to the Auditor-General’s report series 1/2025.
Between 2021 and 2023, Universiti Malaysia Sabah (UMS), Universiti Putra Malaysia (UPM), and Universiti Sains Islam Malaysia (USIM) faced financial difficulties as student fees no longer covered their operational costs.
The Auditor–General recommended that these agencies ensure that they can continue operations and reduce dependence on government grants to sustain.
“The use of government grants must be optimised to improve the efficiency of services by federal agencies,” the AG said.
UMS reported a net loss of RM141.41mil in 2023, while UPM and USIM reported RM127.71mil and RM44.02mil respectively.
The other agency that reported losses was the Universiti Malaya Medical Centre (UMMC). The hospital’s net losses widened from RM33.4mil in 2021 to RM50.94mil in 2022 and RM61.30mil in 2023.
The losses were attributed to expenditure exceeding revenue, which came from treatment fees.
SWCorp, a waste management company, saw an increase in the cost of its Solid Waste Collection and Public Cleansing service.
Meanwhile, five government agencies reported a deficit for the year under review. The Inland Revenue Board reported RM2.199bil in revenue against an expenditure of RM2.934bil due to lower revenue from federal agencies' fees and higher operating expenditure.
Reduced sales of residential and commercial properties led to decreased revenue for PR1MA, which reported RM1.266 bil in revenue for 2023. Its expenditure for the year under review was RM1.483bil.
