The report stated that there are 587 ongoing projects while the balance of 158 projects has yet to commence.
These projects, with allocations of RM1.28 billion, included special/small projects under the Chief Minister’s Department which will be implemented by 11 ministries or departments.
Last year, the expenditure performance was RM997.54 million or 78.2% of the total allocation approved by the Sabah government.
The report also stated Sabah is in good financial shape with its consolidated revenue account showing a surplus of RM56.66 million while total investment has increased to RM9.09 billion compared to RM8.54 billion in 2016.
The report indicated that the state’s financial statements as a whole had provided a true and fair view of its financial year ending Dec 31, 2017, and that the accounting records had also been properly maintained and updated.
The report recommended several measures to improve its financial performance.
“The state government is recommended to continue to practise prudent spending and work on collecting arrears amounting to RM534.89 million and other outstanding loans amounting to RM802.32 million.
“Development projects must be planned and implemented efficiently and effectively to ensure the prosperity of the state and the wellbeing of the people,” the report said.
Furthermore, the report also recommended that department and agency heads should be hands-on when it comes to financial management.
Other recommendations are for departments and agencies to create a check-and-balance system, ensure continued monitoring, conduct spot checks and carry out a periodical assessment on officers, including providing training to increase the officers’ skills and capabilities.
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