State’s public accounts accorded clean certificate for 15th consecutive year

Sarawak Legislative Assembly Sitting, November 2017

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KUCHING, Nov 16: For the 15th consecutive year, Sarawak has been credited with a “clean certificate” for its public accounts for 2016.

Second Finance Minister Dato Sri Wong Soon Koh said this record is a testimony of the state’s good governance and practices that reflected a transparent, responsible and acceptable manner of conducting financial affairs.

In addition, international rating houses Moody’s and Standard and Poor’s have maintained the state’s investment grade credit ratings of A3 and A-, respectively.

“These assigned ratings reflect a sustained record of sound financial management and performance, underpinned by strong reserves and prudent budgetary practices,” said Wong when delivering his winding-up speech at the State Legislative Assembly today.

Meanwhile, Wong also called for collective effort from all government agencies and machinery to improve themselves.

“For statutory bodies and government-linked companies, I would like to urge you to take on the call of Chief Minister (Datuk Patinggi Abang Johari Tun Openg) to shape up and to drive yourselves as a true business and private sector (entity) with a stronger commercial approach.

“This is of paramount importance for you to become financially self-sustaining and not dependent on state financial support.

“Only through this way will you remain relevant and continue contributing to the state’s development agenda,” said Wong.

On projects under 11th Malaysia Plan, he said 1,140 projects and programmes with a ceiling of RM20 billion had been approved for implementation.

Of these 1,140 projects, 702 are physical projects while 438 are in the form of programmes and investments.

As of Sept 30, out of the 702 projects under the 11th Malaysia Plan, 71 of them or 10 per cent have been completed while the remaining 631 projects are still in various stages of implementation. — DayakDaily