AG Report Reveals How Poor Finance Management Has Cost The Government Millions Of Ringgit

Yesterday, 23 November, the Finance Ministry released the Feedback Report on the Third Series of the 2014 Auditor-General's Report.

It revealed some shocking details from the issues raised by the Auditor General in the Auditor General's Report.

Auditor-General Tan Sri Ambrin Buan

Image via Sinar Harian

Here are some of the key highlights from the recently released Feedback Report from the on the Third Series of the 2014 Auditor-General's Report:

Third Series of the 2014 Auditor-General's Report

Image via The Rakyat Post

1. The Royal Malaysian Customs Department's poor management of duty taxes, warehousing and control unit has cost the government millions of ringgit

Royal Malaysian Customs Department

Image via Royal Malaysian Customs Department

2. The Foreign Ministry has spent a grand sum of RM14.7 million to refurbish two vacant annexes that are meant to house Malaysian representatives at the Malaysian embassy in Washington DC.

The buildings remain unoccupied even after the costly renovation.

The two buildings bought by the Malaysian government remains vacant event after the renovation

Image via The Malaysian Insider

3. A mishap in devaluation of land value for the National Defense Education Center Development (NDEC) Project causes the government to incur losses amounting to RM26.87 million

4. The AG has expressed doubts over the continuity of PNSB Development Sdn Bhd (PDSB) owned by Permodalan Negeri Selangor Bhd (PNSB) that has suffered losses up to RM10.74 million due to poor management

Image via The Rakyat Post

5. Flood equipment for the flood mitigation projects (FMP), worth more than RM6 million has not been made used of, due to technical problems and installation

Pengkalan Chepa, Kota Bahru, December 2014 floods

Image via The Telegraph

6. The Property Management Division (PMD)'s oversight in not deducting salaries of 39 civil servants under the civil servants quarter program has cost the government RM811,326

7. Due to implementation failure, a rice subsidiary programme intended for low-income earners, went to foreigners, food stalls and restaurants instead

Image via The Malaysian Insider

8. 388 schools out of 1,452 schools in Sarawak are in very poor condition, with most having "serious defects" that are "risky to use"

SK Long Sukang in Lawas, Sarawak

Image via Impian Malaysia

9. Delay in building the Sarawak International Medical Centre (SIMC), has hiked up the development cost from RM374.12 million in 2002 to an estimated amount of RM534.38 million now

10. The government's debt has increased by RM42.97 billion last year, 2014, compared to the previous year, 2013

In addressing the decline of performance by the local ministries that has cost the government millions of ringgit, the Public Accounts Committee (PAC) will be calling in six senior officials from six different ministries to explain the reasons behind the costly poor management and performance

Auditor-General Tan Sri Ambrin Buang

Image via Malay Mail Online

AG Report Reveals How Poor Finance Management Has Cost The Government Millions Of Ringgit

Yesterday, 23 November, the Finance Ministry released the Feedback Report on the Third Series of the 2014 Auditor-General's Report.

It revealed some shocking details from the issues raised by the Auditor General in the Auditor General's Report.

Here are some of the key highlights from the recently released Feedback Report from the on the Third Series of the 2014 Auditor-General's Report:

1. The Royal Malaysian Customs Department's poor management of duty taxes, warehousing and control unit has cost the government millions of ringgit

2. The Foreign Ministry has spent a grand sum of RM14.7 million to refurbish two vacant annexes that are meant to house Malaysian representatives at the Malaysian embassy in Washington DC.

The buildings remain unoccupied even after the costly renovation.

3. A mishap in devaluation of land value for the National Defense Education Center Development (NDEC) Project causes the government to incur losses amounting to RM26.87 million

4. The AG has expressed doubts over the continuity of PNSB Development Sdn Bhd (PDSB) owned by Permodalan Negeri Selangor Bhd (PNSB) that has suffered losses up to RM10.74 million due to poor management

5. Flood equipment for the flood mitigation projects (FMP), worth more than RM6 million has not been made used of, due to technical problems and installation

6. The Property Management Division (PMD)'s oversight in not deducting salaries of 39 civil servants under the civil servants quarter program has cost the government RM811,326

7. Due to implementation failure, a rice subsidiary programme intended for low-income earners, went to foreigners, food stalls and restaurants instead

8. 388 schools out of 1,452 schools in Sarawak are in very poor condition, with most having "serious defects" that are "risky to use"

9. Delay in building the Sarawak International Medical Centre (SIMC), has hiked up the development cost from RM374.12 million in 2002 to an estimated amount of RM534.38 million now

10. The government's debt has increased by RM42.97 billion last year, 2014, compared to the previous year, 2013

In addressing the decline of performance by the local ministries that has cost the government millions of ringgit, the Public Accounts Committee (PAC) will be calling in six senior officials from six different ministries to explain the reasons behind the costly poor management and performance

If you wondering how the country's finances fared last year, read this:

Talking about the country's finances, Malaysia recently scored a 'D' in Transparency International's Global Corruption Defense Survey:

Nevertheless, read why World Economic Forum (WEF) ranked Malaysia as the world's 8th most efficient government:

Read more trending stories on SAYS

You may be interested in:

AG Report Reveals How Poor Finance Management Has Cost The Government Millions Of Ringgit

Yesterday, 23 November, the Finance Ministry released the Feedback Report on the Third Series of the 2014 Auditor-General's Report. It revealed some shocking details from the issues raised by the Auditor General in the Auditor General's Report.

Here are some of the key highlights from the recently released Feedback Report from the on the Third Series of the 2014 Auditor-General's Report:

1. The Royal Malaysian Customs Department's poor management of duty taxes, warehousing and control unit has cost the government millions of ringgit

2. The Foreign Ministry has spent a grand sum of RM14.7 million to refurbish two vacant annexes that are meant to house Malaysian representatives at the Malaysian embassy in Washington DC. The buildings remain unoccupied even after the costly renovation.

3. A mishap in devaluation of land value for the National Defense Education Center Development (NDEC) Project causes the government to incur losses amounting to RM26.87 million

4. The AG has expressed doubts over the continuity of PNSB Development Sdn Bhd (PDSB) owned by Permodalan Negeri Selangor Bhd (PNSB) that has suffered losses up to RM10.74 million due to poor management

5. Flood equipment for the flood mitigation projects (FMP), worth more than RM6 million has not been made used of, due to technical problems and installation

6. The Property Management Division (PMD)'s oversight in not deducting salaries of 39 civil servants under the civil servants quarter program has cost the government RM811,326

7. Due to implementation failure, a rice subsidiary programme intended for low-income earners, went to foreigners, food stalls and restaurants instead

8. 388 schools out of 1,452 schools in Sarawak are in very poor condition, with most having "serious defects" that are "risky to use"

9. Delay in building the Sarawak International Medical Centre (SIMC), has hiked up the development cost from RM374.12 million in 2002 to an estimated amount of RM534.38 million now

10. The government's debt has increased by RM42.97 billion last year, 2014, compared to the previous year, 2013

In addressing the decline of performance by the local ministries that has cost the government millions of ringgit, the Public Accounts Committee (PAC) will be calling in six senior officials from six different ministries to explain the reasons behind the costly poor management and performance

If you wondering how the country's finances fared last year, read this:

Talking about the country's finances, Malaysia recently scored a 'D' in Transparency International's Global Corruption Defense Survey:

Nevertheless, read why World Economic Forum (WEF) ranked Malaysia as the world's 8th most efficient government:

What Jobs Will Be In Demand By 2030, And How To Prepare Yourself For Them

China Tourist Offloaded From Malaysia Airlines Flight For Inappropriately Touching A Crew Member

Man Quits 5-Figure Oil & Gas Job And Starts Motorcycle Workshop

41 Dead Cats Found In Subang Woman's Apartment

Former Mat Rempit Now Earns 5 Figures As Motor Content Creator On TikTok

Read more trending stories on SAYS

You may be interested in:

Yesterday, 23 November, the Finance Ministry released the Feedback Report on the Third Series of the 2014 Auditor-General's Report.

It revealed some shocking details from the issues raised by the Auditor General in the Auditor General's Report.

2. The Foreign Ministry has spent a grand sum of RM14.7 million to refurbish two vacant annexes that are meant to house Malaysian representatives at the Malaysian embassy in Washington DC.

The buildings remain unoccupied even after the costly renovation.