KUALA LUMPUR: The government must continue its efforts to increase revenue from various sources and enhance governance in the management of public expenditure.
Auditor General Datuk Wan Suraya Wan Mohd Radhi stated that this is imperative to ensure that the government's financial position is more robust.
This was among the recommendations she highlighted in the Auditor-General's report for the government to improve its financial performance.
"It is essential to ensure prudent management of public debt to reduce reliance on new loans.
"Government companies are also urged to strengthen their financial governance to provide dividend returns to the government and lessen dependence on financial assistance from the government," she said.
Wan Suraya added that controlling officers should conduct more thorough and continuous monitoring, as well as implement intervention measures promptly, to ensure that development projects under the 12th Malaysia Plan (12MP) are fully completed by the end of 2025.
The LKAN 3/2024 Series 3 was tabled in Dewan Rakyat today with the consent of His Majesty Sultan Ibrahim, King of Malaysia.
This LKAN focuses on two issues; the performance report on the implementation of development projects under the 3rd Rolling Plan of the 12th Malaysia Plan (12MP) up to Dec 31 last year and the key audit area concerning material and significant matters that impact the financial performance of the federal government in 2023.
The LKAN 2023 Series 1 was tabled in Dewan Rakyat on March 6, while Series 2 on July 4.
The public can view it at https://www.audit.gov.my from today at 10am.