KUALA LUMPUR – The liabilities of 130 federal agencies in 2022 amounted to RM903.613 billion, which is a hike of RM119.896 billion (15.3%) compared to 2021’s RM783.717 billion, according to the 2022 Auditor-General’s Report tabled today.
Based on the audit analysis for the year ended December 31, 2022, a total of 24 federal agencies have outstanding loans amounting to RM123.137 billion. Of that, 10 have the highest loan balance, amounting to RM122.388 billion (99.4%), as compared to the total loan value of RM123.137 billion.
“50 federal agencies recorded a current deficit amounting to RM4.570 billion, while 80 had a surplus amounting to RM54.677 billion.
“The asset position of 130 federal agencies is worth RM2,491.931 billion. This amount has increased by RM82.861 billion (3.4%) as compared to the asset position in 2021, which was RM2,409.070 billion,” it said in its executive summary.
Meanwhile, a total of 86 federal agencies received operational and development grants from Putrajaya amounting to RM27.034 billion.
83 federal agencies have accumulated unamortised development grants amounting to RM25.535 billion.
A total of 53 federal agencies invested RM56.128 billion in 234 subsidiary companies. Out of this, 212 subsidiary companies are still active, while 22 subsidiary companies are dormant.
121 subsidiary companies recorded net profits, while 91 subsidiary companies incurred losses. Out of 212 subsidiary companies, 66 paid dividends to the federal agencies, amounting to RM1.910 billion.
Auditor-General Datuk Wan Suraya Wan Mohd Radzi has recommended that the federal agencies have to repay loans according to schedule, as failure to do so is a burden to the government.
Agencies also need to present their financial statements for auditing at the stipulated time, besides spending their grants within the set financial year.
Agencies also need to re-evaluate their subsidiary companies that have been dormant, as these too are a financial strain on the federal government.
“(Likewise) subsidiaries that are facing losses and those that are not giving returns (should be re-evaluated).”
In total, the auditor-general has made 16 recommendations to federal agencies as part of its 2022 audit report, which is being tabled today after obtaining consent from the Yang di-Pertuan Agong.
The auditor-general had also briefed Parliament’s Public Accounts Committee on the report yesterday. – March 6, 2024