Auditor-General: Govt's financial management improved in 2011

KUALA LUMPUR: The financial management of government agencies for 2011 recorded a better performance compared with 2010, said Auditor-General Tan Sri Ambrin Buang. He said of all the government agencies that were evaluated, 111 agencies or 31.4% were rated "very good" (four stars), compared with 77 agencies (21.6%) in 2010 and 48 agencies (12%) in 2009. "This remarkable achievement shows implementation of the accountability index has motivated the Controlling Officers to take measures towards improving their financial management," he said in a statement issued here Monday. The 2011 Auditor-General's Report will be distributed to parliamentary members at the Dewan Rakyat sitting later in the day. Ambrin said the National Audit Department had implemented the rating system, which was based on the Accountability Index in 2007 to gauge the extent of compliance by government deparments and agencies to laws and regulations. Ambrin said that based on the audit on 456 financial statements for 2011, 388 of them were given the Audit Certificate Without Reprimand. The other 25 financial statements were issued the Audit Certificate With Reprimand because they did not meet the stipulated accounting standards, and the remaining 25 financial statements were still in the process of being audited, he added. He said this was better than in 2010 where only 368 financial statements were given the Audit Certificate Without Reprimand while 33 financial statements were given the Audit Certificate With Reprimand. Ambrin said the Government's revenue collection also showed an increase of RM25.77bil last year with a total collection of RM185.42bil from RM159.65bil in 2010. "The increase in the world price of crude oil, strong domestic economic growth, as well as continuous enforcement activities by the Malaysian Inland Revenue Board and the Customs Department contributed to the increasing revenue," he added. - Bernama

tunku :increase of RM25.77billionrevenue is a good achievement. there are still lots of improvement need to be done especially with the expenditures of government agencies. well done to the government and strive harder and make sure at least 50% of the government agencies will be rated "very good" by next year.