Sarawak received a thumbs up on its financial performance in 2010 from the Auditor General.
KUCHING: Sarawak has no outstanding debt owing to the federal government, according to the Auditor General’s Report.
Auditor-General Ambrin Buang in giving Sarawak a healthy thumbs up on its financial performance, said there was no outstanding in loan repayment of public debt because the state administration was able to pay its owings to federal government inclusive of interest. And the payments were ‘on schedule’.
“Generally, audit analysis showed that the financial position of the Sarawak government for the year ended 2011 was very good
“The current year surplus was recorded at RM2.60 billion as compared to RM2.22 billion in 2010. The revenue collected for the year recorded an increase of RM1.02 billion, or 18.2 per cent, to RM6.63 billion against RM5.61 billion in 2010,” Ambrin said in his report which was tabled in Parliament yesterday.
He however pointed out some key weaknesses which included a delay in the implementation of nearly 40 percent of projects under the Rural Road Projects in Sarawak.
He said some of these projects were delayed by as long as 242 days.
He said thus far 101 projects had been completed but of this 38 had been delayed by 15 to 242 days.
Of the 74 other on-going projects, 13 were currently behind schedule.