AG report: Govt agencies improved in 2011

The Auditor-General also says the government collected RM185.42 billion in revenue last year, an increase of 16.1% compared to 2010.

KUALA LUMPUR: The Auditor-General’s report for 2011 has been released today, showing 111 ministries and government agencies having improved in their financial management as compared to the 77 recorded in 2010.

“The ministries and government agencies received four star ratings for their financial management,” said Auditor-General Ambrin Buang in a statement.

He also said that his agency had received 456 financial statements and 388 or 85.1% of it were received in order.

“Only 25 financial statements or 5.5%, were not in order. The balance 43 statements or 9.4% are still being audited.

“This shows that government agencies have taken steps to improve their accountability index over the years,” he added.

In terms of revenue, Ambrin said the federal government had collected RM185.42 billion last year, which was an increase by 16.1% as compared to the RM159.65 billion recorded in 2010.

“The government collected RM25.77 billion in excess in 2011 due to the surge in oil prices, improving domestic economy and better collection from the Inland Revenue Board (IRB) and the Customs Department,” he added.

He said that IRB had collected RM109.61 billion in revenue last year, which was an increase by 26.7% compared to 2010.

“The Customs Department managed to collect RM30.38 billion in 2011, which is an increase by 7.9% as compared to year 2010,” he said.