A-G’s report on Penang’s financial status Positive feedback with some concerns

loading

“...some government departments and agencies have not prudently spent their allocated money, and there is still plenty of room for improvement.”

Despite the positive response from the Auditor-General regarding Penang’s financial statement and financial management, it is nevertheless important to understand to what extent the current government spends its resources. By looking at the basic data, there are still several areas that can be improved through good management and close monitoring by appointed government agencies or departments.

Firstly, let’s understand the components in a state’s financial statement. The financial statement is regarded as all the actual financial transactions for the state government which account for all the internal resources and the exercise of financial resources. It consists of three major components, namely consolidated revenue fund, consolidated loan fund and consolidated trust fund.


To read the rest of the article and to access our e-Archive, subscribe to us for RM150 a year.



Related Articles

FEATURE
Aug 2013

The day BN won the election but lost the contest

BN may have remained in power but it lost the popular vote. How has this changed Malaysian politics?

FEATURE
Mar 2016

A Hospital that Puts Fun into Patient Care

At the National Taiwan University Hospital, smiles come first.

FEATURE
Aug 2016

Zooming in on Bugs

Three photographer friends dedicate themselves to capturing life in the undergrowth.