Sarawak’s financial statements accredited clean records for 20 consecutive years

Uggah delivering his ministerial winding-up speech at the DUN sitting on May 24, 2023. Photo credit: Sarawak Public Communications Unit

By Ling Hui

KUCHING, May 24: Sarawak has earned 20 consecutive years of clean records for its financial statements, says Deputy Premier-cum-Minister for Finance and New Economy Datuk Amar Douglas Uggah Embas.

He said Sarawak was once again accorded a clean certificate for its financial account for the year ended Dec 31, 2023 by the Auditor General of Malaysia.

“Both international and domestic rating houses have reaffirmed their commendable investment-grade credit ratings for Sarawak.

“Moody’s and Standard & Poor’s have affirmed the State ratings at A3 and A- with a stable outlook, respectively. Rating Agency Malaysia (RAM) has reaffirmed Sarawak with a credit rating of AAA.

“These assigned ratings reflect sound financial performance and prudent budgetary practices by the State in managing its financial affairs,” he said in his ministerial winding-up speech at the Sarawak Legislative Assembly (DUN) sitting today.

Uggah, who is also Bukit Saban assemblyman, therefore thanked all Sarawak civil servants for continuously upholding good financial management and good governance practices at all times.

“I would also like to assure this august House that my Ministry will continue to ensure prudent financial management through adopting international best practices, leveraging on digital technologies as well as strengthening the professionalism and competency of our officers,” he added. — DayakDaily