FIVE federal government agencies have more liabilities than assets, revealed the latest Auditor General's (AG) Report, as reported by The New Straits Times.
In a statement on the report which was tabled in Parliament today, AG Datuk Wan Suraya Wan Mohd Radhi said an audit of 142 agencies found they had assets of RM2.6 trillion and liabilities of RM871 billion.
The audit also found that 20 agencies took loans amounting to RM126.5 billion from the government and financial institutions.
Of those, five were loans guaranteed by the federal government, totalling RM99 billion. In 2023, four agencies took out new loans totalling RM7.3 billion.
The report also found that the Labuan Financial Services Authority Employee Welfare Fund and the South Kelantan Development Authority (Kesedar) failed to submit their financial statements to be audited.
The AG said 133 agencies were certified with an unmodified opinion and nine were certified with a modified opinion.
"Only one agency received a modified opinion certification for a third consecutive year compared to three the year before." – February 24, 2025
