The Auditor General's Report for 2011 can be
accessed via following link :
Related reports:
The financial performances of government
ministries and departments have improved in 2011 from the year before,
Auditor-General (A-G) Tan Sri Ambrin Buang said. In the Auditor-General
Report 2011 released yesterday, he also said a total of 23 out of 47 government
companies for the period of 2008 to 2010 recorded pre-tax profit for three
consecutive years amounting to RM255.83 billion. The report also
highlighted that of these companies, nine suffered accumulated losses amounting
to RM2.45 billion for three consecutive years. However, from the 23
companies which recorded profits, only 10 companies paid dividends amounting to
RM109.36 billion to the government for three consecutive years while four
companies only paid a dividend in specific years.
A Customs officer bought hundreds of items not allocated for,
raking up a bill of RM1.82 million.
Some canteens in residential, vocational, technical and
government-assisted Islamic schools have been serving imported frozen buffalo
meat instead of fresh beef.
RM366 million project to monitor traffic in Kuala Lumpur is hampered
by the fact that more than half of the cameras involved are not working.
National sewerage company Indah Water Konsortium
Sdn Bhd (IWK), which incurred accumulated losses of RM888.81 million until
end-2010, had successfully developed a better sewerage system in the country
after 17 years of handling, but was found wanting on the financial performance
front, according to the Auditor-General (A-G) Report 2011. “IWK’s
financial performance was not satisfactory as the company could not generate
profit and was too dependent on government subsidies to cover rising operating
expenses,” according to the report which was released at the Dewan Rakyat…
The government faces the risk of footing heavy losses because the
agreements it has signed for the double-tracking project limits the
compensation that can be claimed from contractors who fail to meet deadlines.
The government is “studying the possibility of civil action”
against the National Feedlot Corporation (NFC) and taking back the RM250
million soft loan provided to the company.
Military family
quarters built by the Defence Ministry saw costs nearly double to RM3.2 billion
amid a litany of defects including collapsed ceilings and leaking sewer pipes,
according to revelations in the Auditor-General’s Report 2011. Among others, the
report found that the majority of the military quarters projects audited were
awarded by direct negotiation and that the government waived penalties worth
RM87.12 million for failure to meet contractual obligations. “The waiver that
was approved by the Ministry of Finance to the respective contractors caused
losses and compromised the interests of the government,” said the report. The
audit team said that the financial performance of the military quarters
projects was “unsatisfactory” as costs has shot up 84.1 per cent from the
original allocation of RM1.74 billion.
The road construction projects in
Sarawak do not meet deadlines and are wanting in safety standards. The
Auditor-General’s report states the construction and upgrading of rural road
projects were approved during the Ninth Malaysia Plan.
The
annual Auditor-General’s Report has revealed several projects that were
directly negotiated and were plagued with issues and which could impact the
level of trust in government say analysts. The most glaring example was the
directly negotiated RM12.49 billion Ipoh-Padang Besar double-tracking project
which was delayed twice and has incurred an additional RM3.6 billion in costs.
Other examples include 1,000 brochure racks worth RM1.95 million for Visit
Malaysia Year 2007 bought through direct negotiation by the Malaysian Tourism
Promotion Board without the Finance Ministry’s approval resulting in a probe by
the Malaysian Anti-Corruption Commission (MACC) and the five billboards worth
RM3.64 million that it put up in Indonesia via direct negotiation that are also
being investigated by anti-graft officials.
http://www.themalaysianinsider.com/malaysia/article/audit-reveals-direct-negotiation-option-risks-public-trust
Malaysia’s national debt is at its highest yet: at a whopping RM456.12 billion, according to the 2011 Auditor-General’s report. It is a RM49.02 billion (12%) increase from 2010′s figure (RM407.1b) and 51.77% of the country’s RM881.08 billion Gross Domestic Product (GDP). In comparison, 2011′s debt percentage of the national GDP was lower (2010 recorded 53.15%).
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