KUALA LUMPUR: The assets of 143 out of 145 federal agencies increased by 5.5% or RM0.148 trillion to RM2.838 trillion, up from RM2.69 trillion in the previous year, according to the Auditor-General’s Report (AG’s Report) 1/2026.
The AG’s Report also said an analysis of the financial statements of the 143 federal agencies showed that its liabilities stood at RM0.871 trillion as of 2024, which is an increase of RM1bil or 0.1% compared to 2023.
“An audit analysis comparing total assets against total liabilities for 2024 revealed that 139 out of 143 federal agencies (97.2%) had assets exceeding their liabilities,” it said in the report published on its website on Monday (Feb 23).
However, it said four federal agencies, including PR1MA Corporation Malaysia and the Malaysian Highway Authority (LLM), recorded higher liabilities than assets.
According to the report, PR1MA recorded net liabilities of RM747.16mil due to Sukuk obligations that must be settled by 2031.
It also said LLM posted a net liability of RM353.28mil which was attributed to unspent highway development funds and outstanding government loans.
Meanwhile, the AG's Report said in 2024, there were 100 out of 143 federal agencies that received federal grants amounting to RM30.49bil.
According to the Report, the amount covered 87 agencies that received RM16.609bil for management purposes while another 84 agencies received RM13.881bil for development purposes.
The five federal agencies that received the highest amount of federal grants were Majlis Amanah Rakyat (Mara), Universiti Teknologi Mara (UiTM), Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN), Perbadanan Pengurusan Sisa Pepejal dan Pembersihan Awam (SWCorp) and Lembaga Pertubuhan Peladang (LPP).
“Federal agencies have used operating grants for operating expenses in the current year and development grants to implement obligations set by the federal government.
“But, by the end of 2024, there was a balance in development grants due to unresolved implementation obligations. These grants are in the process of being returned or used for other purposes, subject to federal government approval,” it said.
It said that 21 out of 143 federal agencies have borrowings amounting to RM130.188bil.
It added that an audit analysis found that six out of 21 federal agencies have made new loans amounting to RM8.09bil in 2024 from the Federal government and financial institutions.
The agencies were the Malaysian Timber Industry Board (MTIB) that loaned RM50mil from the federal government, the Public Sector Housing Financing Authority (LPPSA) with RM4.85bil, PR1MA with RM1bil, the Inland Revenue Board (LHDN) at RM87mil, Bank Simpanan Nasional RM2.1bil and Perwira Niaga Malaysia (PERNAMA) at RM7mil.
The report also revealed that five federal agencies had the highest loan balances on them - LPPSA (RM66.44bil), PTPTN (RM41.45bil), Felda (RM7.347bil), Port Klang Board (RM3.268bil), and PR1MA (RM3.03bil).
The AG's Report said loans taken by federal agencies were used to finance the implementation of their respective functions and activities.
“New loans obtained by federal agencies are secured from the federal government and financial institutions, with guarantees from the government or through collateral without government guarantees,” it added.
The full report is available at https://lkan.audit.gov.my from 10am Monday (Feb 23).
